Which of the following statements regarding 457 plans is/are) true? 1. An individual who defers $19,500 to his 403(b) plan during 2020 can also defer $19,500 to a 457 plan during 2020 (salary and plan permitting). 2. A 457 plan allows an executive of a tax-exempt entity to defer compensation into an ERISA protected trust. 3. In the final three years before normal retirement age, a participant of a government sponsored 457 plan may be able to defer $39.000 (2020) for the plan year. 2 and 3. 2 only 1 only 1 and 3 Previous