 It may be rolled only into another nongovernmental 457 plan.Also, money deferred into nongovernmental plans is not set aside in a trust for the exclusive benefit of the employee making the deferral.The Internal Revenue Code requires that money in a nongovernmental 457 plan remains the property of the employer and not taxable until time of distribution for specific situations as allowed by the original 457 plan or in cases of withdrawals for emergency cash needed situations.