Get the free 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM

Use this form to open an account with ICMA-RC and enroll in the 457 deferred compensation plan. It includes sections for participant information, beneficiary designation, deferral amounts, and contribution

How to fill out 457 deferred compensation plan

How to fill out 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM

1. Obtain the 457 Deferred Compensation Plan Employee Enrollment Form from your HR department or the designated benefits administrator.
2. Fill in your personal information, including your name, address, and employee ID number.
3. Indicate your desired deferral amount, being mindful of the contribution limits set by the IRS.
4. Select your investment options available within the plan, if applicable.
5. Review the plan's terms and conditions carefully before signing.
6. Sign and date the form to confirm your enrollment in the plan.
7. Submit the completed form to your HR department or benefits administrator as instructed.

Who needs 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM?

1. Employees of eligible governmental entities who wish to defer a portion of their salary for retirement savings.
2. Employees looking for tax-advantaged savings options to supplement their retirement income.
3. New employees who are enrolling in the plan as part of their benefits package.

People Also Ask about

Can I cash out my 457 deferred compensation plan?

Employees can make withdrawals from their 457(b) account when they leave employment. They have the ability to take payments as needed or request scheduled automatic payments. They maintain control over their investments and continue to benefit from tax deferral even after they leave their employer.

How to enroll in deferred comp?

To enroll in the Supplemental Contributions Plan, call the Plan Information Line at (800) 260-0659 or visit the CalPERS Supplemental Contributions Plan website for more information.

What is a 457 deferred compensation plan?

You may also leave your account with the City's DCP and take distributions when you need to or are required to once you reach the mandatory distribution age of 72.

For pdfFiller’s FAQs

What is 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM?

The 457 Deferred Compensation Plan Employee Enrollment Form is a document that allows employees to enroll in a retirement savings plan where they can defer a portion of their compensation to save for retirement on a tax-advantaged basis.

Who is required to file 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM?

Employees of eligible employers who wish to participate in the 457 Deferred Compensation Plan are required to file the Enrollment Form.

How to fill out 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM?

To fill out the form, employees need to provide personal information, such as their name, social security number, and employment details. They must also indicate the amount they wish to defer and select investment options as per the plan's guidelines.

What is the purpose of 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM?

The purpose of the Enrollment Form is to facilitate the enrollment of employees into the 457 Deferred Compensation Plan, allowing them to set aside funds for retirement while taking advantage of tax deferral benefits.

What information must be reported on 457 DEFERRED COMPENSATION PLAN EMPLOYEE ENROLLMENT FORM?

The form typically requires personal identification information, choice of deferral amounts, investment options, and any other specific details mandated by the employer or plan administrator.