A 414(h) retirement plan is a type of retirement savings plan that allows certain employees to make additional contributions to their retirement savings. These plans are typically offered to employees of state and local governments, as well as certain nonprofit organizations. The contributions made to a 414(h) plan are often tax-deferred, meaning that the contributions are not taxed until the employee withdraws the funds during retirement. This can provide a tax advantage for employees who expect to be in a lower tax bracket during retirement. Additionally, 414(h) plans may have specific eligibility requirements and contribution limits, so it's important for employees to understand the details of their specific plan. Employers may also make contributions to these plans on behalf of their employees. Overall, 414(h) retirement plans can be a valuable tool for employees to save for retirement and enjoy potential tax benefits.