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Incoming Transfer/Direct Rollover Governmental 457(b) Plan Chesterfield County Deferred Compensation 457(b) Plan Participant Information 9895801 Do not complete the Investment Option Information portion

How to fill out chesterfield 457 form

How to fill out Chesterfield 457:

1. Start by gathering all necessary documents, such as your personal identification information, social security number, and employment details.
2. Obtain the Chesterfield 457 form either online or from your employer's human resources department.
3. Read through the instructions provided on the form to understand the requirements and sections that need to be filled.
4. Begin by providing your personal information, including your full name, address, date of birth, and social security number.
5. Fill out the sections related to your employment details, such as your employer's name, address, and contact information. You may also need to include your employment start date and your job title.
6. Review the investment options available in the Chesterfield 457 plan, and carefully select the investment strategy that suits your financial goals and risk tolerance.
7. Determine how much money you want to contribute to your Chesterfield 457 account and fill out the appropriate section on the form. You may need to specify the amount as a percentage of your salary or a fixed dollar amount.
8. If you wish to designate beneficiaries for your Chesterfield 457 account, provide their names and contact information in the beneficiary section. It's important to keep this information up to date.
9. Take your time to double-check all the information provided on the form for accuracy and completeness.
10. Once you have filled out all the required sections, sign and date the form.
11. Submit the completed Chesterfield 457 form to your employer's human resources department or follow the specific instructions provided on the form.

Who needs Chesterfield 457:

1. Employees who are looking to save for retirement and want to take advantage of tax benefits can benefit from Chesterfield 457 plans.
2. Chesterfield 457 plans are typically offered to employees of state and local governments, as well as certain non-profit organizations.
3. Individuals who want to supplement their other retirement savings accounts, such as 401(k) or Individual Retirement Accounts (IRAs), can consider opening a Chesterfield 457 account.
4. Employees who anticipate being in a higher tax bracket during retirement may find the tax advantages of the Chesterfield 457 plan appealing.
5. Those who desire flexibility in accessing their retirement savings before the traditional retirement age may find Chesterfield 457 plans advantageous as they often allow penalty-free withdrawals under certain circumstances.

Please note that specific eligibility requirements and plan details may vary, so it is important to consult with your employer or plan administrator for accurate and up-to-date information regarding the Chesterfield 457 plan.

For pdfFiller’s FAQs

What is chesterfield 457?

Chesterfield 457 is a retirement savings plan available to employees of certain government and non-profit organizations.

Who is required to file chesterfield 457?

Employees of eligible government and non-profit organizations are required to file chesterfield 457 in order to participate in the retirement savings plan.

How to fill out chesterfield 457?

Employees can fill out chesterfield 457 by enrolling in the plan through their employer and making contributions to their account.

What is the purpose of chesterfield 457?

The purpose of chesterfield 457 is to provide a tax-advantaged way for employees to save for retirement.

What information must be reported on chesterfield 457?

Employees must report their contributions to the plan, investment choices, and beneficiary designations on chesterfield 457.

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