Get the free Group AVC Retirement Plan application - New Ireland Assurance

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Group AVC Retirement Plan Application Pensions Advisors Name: Agency No.: Please complete in block capitals and tick () where appropriate 1. Employer details NOTE 1: The employee application forms

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What is group avc retirement plan?

Group AVC retirement plan is a type of supplemental retirement savings plan offered to employees. It allows employees to contribute a portion of their pre-tax salary towards their retirement savings, which is then invested in various investment options chosen by the employee.

Who is required to file group avc retirement plan?

Employers who offer group AVC retirement plans to their employees are required to file the plan with the respective authorities. Employees are not required to file the plan themselves, but they are required to contribute to it if they choose to participate in the program.

How to fill out group avc retirement plan?

To fill out a group AVC retirement plan, the employer must gather the necessary information about their employees' contributions, investment choices, and any employer matching or other contributions. This information can then be submitted electronically or on paper forms provided by the authorities.

What is the purpose of group avc retirement plan?

The purpose of a group AVC retirement plan is to provide employees with an additional way to save for retirement. It allows employees to contribute pre-tax dollars towards their retirement savings, potentially reducing their taxable income. The funds in the plan can be invested in various investment options to help grow the savings over time.

What information must be reported on group avc retirement plan?

The information that must be reported on a group AVC retirement plan includes details about the participating employees, their contributions, the investment options chosen, any employer matching contributions, and other relevant information about the plan.

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