Get the free 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form - northwestern

This form is used by employees of Northwestern University to enroll in, change, or cancel their contributions to the 403(b) Voluntary Savings Plan.

How to fill out 403b voluntary savings plan

How to fill out 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form

1. Obtain the 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form from your HR department or online portal.
2. Fill out your personal information at the top of the form, including your name, address, and employee ID.
3. Indicate whether you are making a new election or changing an existing contribution.
4. Select the percentage or dollar amount you wish to contribute from your paycheck.
5. Choose your investment options, if applicable, from the list provided on the form.
6. Sign and date the form to certify that all information is accurate.
7. Submit the completed form to your HR department or designated administrator.

Who needs 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form?

1. Employees participating in the 403(b) voluntary savings plan.
2. Individuals looking to start or modify their contributions to their retirement savings.
3. Anyone who is eligible for employer matching contributions and wants to take advantage of this benefit.

People Also Ask about

How do I change my 403b contribution?

A 403(b) plan (tax-sheltered annuity plan or TSA) is a retirement plan offered by public schools and certain charities. It's similar to a 401(k) plan maintained by a for-profit entity. Just as with a 401(k) plan, a 403(b) plan lets employees defer some of their salary into individual accounts.

What is a 403b voluntary savings plan?

To qualify for tax-free distributions from your Roth 403(b), you must meet the following requirements: Age 59½, death, or disability, and. Hold account for five years.

Can you change 403 B contributions at any time?

If you accidentally save too much in your 403(b) reach out to your plan administrator to correct the issue. You should receive your overcontribution, plus any earnings it made, by April 15. This is considered taxable income and should be reported on a modified W-2 form when you file your taxes.

For pdfFiller’s FAQs

What is 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form?

The 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form is a document used by employees to enroll in, modify, or terminate contributions to a 403(b) retirement savings plan, which is typically available to employees of public schools and certain non-profit organizations.

Who is required to file 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form?

Employees who wish to enroll in the 403(b) plan, make changes to their contribution amounts, or discontinue their contributions must file the 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form.

How to fill out 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form?

To fill out the form, employees need to provide their personal information, indicate whether they are enrolling, changing, or terminating contributions, state the contribution amount or percentage, and sign and date the form before submitting it to their employer or the plan administrator.

What is the purpose of 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form?

The purpose of the form is to facilitate employees' enrollment in the 403(b) plan, allow them to adjust their contribution levels, and ensure they remain compliant with plan requirements and regulations.

What information must be reported on 403(b) Voluntary Savings Plan Contribution Enrollment/Change Form?

The form must report personal details such as the employee's name, social security number, employment status, the type of change (enrollment, adjustment, termination), the specified contribution amount or percentage, and any required signatures.