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all right lets get started in todays video im going to walk you through the process of signing up for a 457 account specifically were going to take a look at the online application for new york states deferred compensation plan also known as new york states 457 youre not going to want to miss this if you havent seen my first video all about the basics of the 457 please check that out before watching this one of the things i think is missing or impeding a lot of people out there from opening up a 457 account is just the process of going through actually opening up the account do you have to fill in a paper form and send it in the mail you have to call somebody is there some advisor that is going to take a fee and lead you down a path where maybe you feel like youve been taken advantage of what i would like to do today is walk you through the process of opening up a 457 account on your own using new york states online website all right this is what the new york state homepage