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The Employer hereby establishes and maintains the Employer's Deferred Compensation Plan and Trust, hereafter referred to as the Plan. The Plan consists of ...
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What is 457 deferred compensation plan?
A 457 deferred compensation plan is a retirement savings plan available to employees of state and local governments, as well as certain non-profit organizations.
Who is required to file 457 deferred compensation plan?
Employees of state and local governments, as well as certain non-profit organizations, are required to file a 457 deferred compensation plan if they wish to participate in the plan.
How to fill out 457 deferred compensation plan?
Employees can typically fill out a 457 deferred compensation plan through their employer's human resources or benefits department.
What is the purpose of 457 deferred compensation plan?
The purpose of a 457 deferred compensation plan is to allow employees to save for retirement on a tax-deferred basis.
What information must be reported on 457 deferred compensation plan?
Information such as employee contributions, investment options, and beneficiary designations must be reported on a 457 deferred compensation plan.
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