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Prepared for: The Defined Contribution and Retirement Study Committee Informational Presentation on Defined Contribution Plans Administered by the State of Arizona, the Arizona State Retirement System
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What is defined contribution plans administered?
Defined contribution plans are retirement plans where the employer, employee, or both make regular contributions to the plan. The administration of these plans involves managing the contributions, investments, and distributions.
Who is required to file defined contribution plans administered?
Employers who offer defined contribution plans to their employees are required to file the plans with the appropriate regulatory bodies and provide necessary information to the plan participants.
How to fill out defined contribution plans administered?
Defined contribution plans administered can be filled out by gathering all relevant information about the plan, contributions, investments, and distributions. This information is then reported to the regulatory bodies as required.
What is the purpose of defined contribution plans administered?
The purpose of defined contribution plans administered is to provide retirement benefits to employees by allowing them and/or their employers to contribute to the plan over time and manage the investments in the plan.
What information must be reported on defined contribution plans administered?
Information such as contributions, investments, distributions, plan performance, participant accounts, and any changes to the plan must be reported on defined contribution plans administered.
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