Does Gap Period Income need to be calculated on excess deferrals from a tax exempt or governmental 457(b) plan? All the articles discuss WRERA in a general defined contribution plan sense but don't specifically mention that the WRERA would or would not apply to a 457(b) plan. I'm not convinced one could apply it to a 457(b) plan since the 457(b) regulations don't specifically reference 402(g). However, what is the interrpretation of "any income allocable to such amount" in §1.457-4(e)(3) and "with allocable net income" in §457-4(e)(2)? Thanks!