Get the free 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010 - gsu

This document establishes a salary reduction agreement for contributions to 403(b) and 457(b) retirement plans for employees at Georgia State University, detailing contribution limits and options

How to fill out 403b and 457b salary

How to fill out 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010

1. Obtain the 403(b) and 457(b) Salary Reduction Agreement forms from your employer or plan administrator.
2. Read through the instructions carefully to understand the contribution limits and eligibility requirements for 2010.
3. Fill in your personal information, such as name, address, and employee identification number.
4. Specify the amount you wish to contribute to your 403(b) plan and your 457(b) plan, ensuring that your total contributions do not exceed the legal limits for 2010.
5. Review the details for any employer matching contributions or options available.
6. Sign and date the form to confirm your agreement to the salary reduction.
7. Submit the completed form to your employer or designated plan administrator before the deadline.

Who needs 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010?

1. Employees of eligible employers who wish to contribute to a 403(b) plan for retirement savings.
2. Employees of state and local governments who want to save for retirement through a 457(b) plan.
3. Individuals looking to reduce their taxable income while saving for retirement.

For pdfFiller’s FAQs

What is 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010?

The 403(b) and 457(b) Salary Reduction Agreement is a document that allows eligible employees of certain non-profit organizations and governmental entities to elect to have a portion of their salary contributed to retirement accounts, specifically a 403(b) plan or a 457(b) plan, on a pre-tax basis. For the Calendar Year 2010, these agreements set the contribution limits and terms for employee salary reductions.

Who is required to file 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010?

Employees of eligible organizations who wish to participate in a 403(b) or 457(b) retirement plan must file the Salary Reduction Agreement. This typically includes employees of public schools, hospitals, and other non-profit organizations for the 403(b) plan and government employees for the 457(b) plan.

How to fill out 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010?

To fill out the Salary Reduction Agreement, the employee must provide personal information such as name, address, and Social Security number, select the percentage or amount of salary to be deducted for the 403(b) or 457(b) plan, and sign the agreement. The form should then be submitted to the employer's human resources or benefits office.

What is the purpose of 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010?

The purpose of the Salary Reduction Agreement is to allow employees to save for retirement through tax-advantaged accounts. By contributing a portion of their salary pre-tax, employees can reduce their taxable income and grow their retirement savings more efficiently.

What information must be reported on 403(b) and 457(b) Salary Reduction Agreement for Calendar Year 2010?

The information that must be reported includes the employee's name, Social Security number, the amount or percentage of salary elected for reduction, the effective date of the agreement, and the employee's signature. Additionally, the employer may need to provide information about the plan and any applicable limits.