Get the free 457 Deferred Compensation Enrollment Form - Neenah Joint bb

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NEE NAH JOINT SCHOOL DISTRICT DEFERRED COMPENSATION 457 PLAN ENROLLMENT FORM NEW ENROLLMENT I. DEFERRAL CHANGE ADDRESS CHANGE (Please complete entire form) (Please complete sections I, II, and IV)

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What is 457 deferred compensation enrollment?

457 deferred compensation enrollment is a retirement savings plan offered to employees of state and local governments, as well as certain non-profit organizations. It allows participants to contribute a portion of their salary on a pre-tax basis to a retirement account.

Who is required to file 457 deferred compensation enrollment?

Employees of state and local governments, as well as certain non-profit organizations, are typically eligible to enroll in a 457 deferred compensation plan. Participation may be voluntary or mandatory depending on the employer.

How to fill out 457 deferred compensation enrollment?

To fill out a 457 deferred compensation enrollment form, employees typically need to provide personal information, select contribution amounts, choose investment options, and designate beneficiaries.

What is the purpose of 457 deferred compensation enrollment?

The purpose of 457 deferred compensation enrollment is to allow employees to save for retirement on a tax-deferred basis, potentially reducing their taxable income in the present while building savings for the future.

What information must be reported on 457 deferred compensation enrollment?

Information reported on a 457 deferred compensation enrollment form may include personal details, contribution amounts, investment selections, and beneficiary designations.

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