Get the free 457(b) Enrollment Form and Beneficiary Designation

This document serves as an enrollment form for a 457(b) plan and includes beneficiary designation instructions and fields for the account holder to specify investment options.

How to fill out 457b enrollment form and

How to fill out 457(b) Enrollment Form and Beneficiary Designation

1. Obtain a copy of the 457(b) Enrollment Form and Beneficiary Designation from your employer or their website.
2. Read the instructions provided with the form to understand the requirements and sections.
3. Fill out your personal information in the designated fields, including your name, address, Social Security number, and contact information.
4. Indicate your employment details such as your job title, department, and hire date.
5. Select your contribution amount or percentage that you wish to defer from your paycheck.
6. Complete the Beneficiary Designation section by providing the names, relationships, and percentages for each designated beneficiary.
7. Review the form for accuracy and completeness before signing and dating it.
8. Submit the completed form to your employer’s human resources or benefits department as per their submission guidelines.

Who needs 457(b) Enrollment Form and Beneficiary Designation?

1. Employees of state and local governments in the United States who wish to save for retirement.
2. Individuals looking for tax-deferred growth of their retirement savings.
3. Workers who want to participate in a deferred compensation plan offered by their employer.

For pdfFiller’s FAQs

What is 457(b) Enrollment Form and Beneficiary Designation?

The 457(b) Enrollment Form is a document that employees use to enroll in a 457(b) deferred compensation plan, which allows them to defer a portion of their salary for retirement savings. The Beneficiary Designation part allows employees to specify who will receive their deferred assets in case of their death.

Who is required to file 457(b) Enrollment Form and Beneficiary Designation?

Employees of eligible governmental and certain non-profit organizations who wish to participate in a 457(b) plan are required to file the 457(b) Enrollment Form and, optionally, the Beneficiary Designation.

How to fill out 457(b) Enrollment Form and Beneficiary Designation?

To fill out the 457(b) Enrollment Form, you need to provide personal information such as your name, Social Security number, employment details, and the amount you wish to defer. For Beneficiary Designation, you should include the name, relationship, and contact information of your chosen beneficiaries.

What is the purpose of 457(b) Enrollment Form and Beneficiary Designation?

The purpose of the 457(b) Enrollment Form is to formally enroll employees in the deferred compensation plan, enabling them to save for retirement. The Beneficiary Designation serves to ensure that the deferred benefits are distributed according to the employee's wishes upon their death.

What information must be reported on 457(b) Enrollment Form and Beneficiary Designation?

The 457(b) Enrollment Form requires personal information, deferral amount, and employment details, while the Beneficiary Designation requires the names and contact information of the designated beneficiaries, as well as their relationship to the account holder.