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What is a 457?


A 457 is also commonly called a Deferred Compensation Plan. It is an IRS-sanctioned

employee retirement plan offered by state and local public sector employers. This plan is

for state and local public workers and other highly-paid executives of non-profit

organizations like charities. 


What makes a 457 unique? 


A participating employee can contribute a percentage of their salary to a retirement

account via payroll deduction. The funds in a 457 can accumulate over time and shall be

taxed upon withdrawal. The maximum contribution to a 457 plan in 2021 is $19,500



Who can make contributions to a 457?


Both participating employees and employers can contribute to a 457 plan.

Try out Workstream to hire employees for
your business

A revolutionary hiring process for Hourly positions

A revolutionary hiring process for Hourly positions Hiring hourly staff in San Francisco can be a tough job. Workstream can help accelerate the process by letting you post on job boards like Indeed within seconds.

1-Click Job Posting

No more tedious copy and pasting. We integrate with all the top job boards. All applicants funnel into one intuitive dashboard.

Text-to-Apply Posters

Print out your unique QR code and text message number. Applicants scan/text to see all open positions and apply right away.

Automated & 2-Way SMS

Engage with applicants via text. Include links to screening questions, forms, and more. Use 2-way text to answer questions.

Endless Integrations

Connect Workstream to your calendar so applicants can schedule interviews. Streamline onboarding with background check & HR integrations.

Candidate Tracking & Scoring

View all your applicants and employees in one place. Make notes on their progress. Access their docs anytime from anywhere.

Customizable Templates

We provide templates for everything from job postings to offer letters. Send links to docs and tax forms via text message so new hires sign digital copies.

What other owners
think about hiring through Workstream

"Time saving for recruiting process at store level, and above store level."

Great Service Restaurants dba Jamba

Currently hiring on Workstream for:

Assistant Manager

Shift Manager

General Manager

"Throughout recent open interviews, I received A LOT of positive feedback from applicants. "

Dalwadi Hospitality Management

Currently hiring on Workstream for:


Director of Sales & Marketing


"Hiring faster. "

Equator Coffees

Currently hiring on Workstream for:

Restaurant General Manager

Production Lead

Café General Manager