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UNIVERSITYOFILLINOISSUPPLEMENTAL403(b)RETIREMENTPLANCOMPARISONCHART
UniversityofIllinoisSupplemental403(b)RetirementPlan (Plan)
PlanFeaturePriorto1/1/091/1/09andAfter403(b)Elective
SalaryDeferral
Limit
AnnualNoticeUpto$15,500forcalendaryear2008.
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How to fill out universityofillinoissupplemental403bretirementplancomparisonchart
To fill out the universityofillinoissupplemental403bretirementplancomparisonchart, follow these steps:
01
Gather all relevant information: Collect all the necessary details about the retirement plans you want to compare. This may include plan names, contribution limits, fees, investment options, and any additional features or benefits.
02
Understand the criteria: Familiarize yourself with the specific criteria used in the comparison chart. This could involve factors like performance, risk, expenses, employer matching, and vesting schedules. Ensure you understand the importance of each criterion in relation to your retirement goals.
03
Compare one plan at a time: Start by focusing on the first retirement plan you want to compare. Evaluate its features, benefits, and limitations against the criteria mentioned in the chart. Use the provided spaces or columns to enter the corresponding information accurately.
04
Repeat for additional plans: After completing the evaluation for the first plan, move on to the next retirement plan and repeat the process. Take your time to thoroughly analyze each plan and accurately input the data into the comparison chart.
05
Review the completed chart: Once you have finished comparing all the retirement plans, review the completed chart. Double-check the entered data to ensure accuracy. Pay attention to any discrepancies or areas that might require additional research.
Who needs universityofillinoissupplemental403bretirementplancomparisonchart?
01
Employees considering multiple retirement plans: Individuals who have access to different retirement plans within the University of Illinois system may benefit from using the universityofillinoissupplemental403bretirementplancomparisonchart. It helps them effectively compare the various plans and make an informed decision based on their unique financial goals and needs.
02
Human resources personnel: HR personnel responsible for managing retirement plans within the University of Illinois system may find this chart useful. It enables them to provide comprehensive information and assistance to employees seeking to understand and compare their retirement options.
03
Financial advisors: Financial advisors working with employees or clients associated with the University of Illinois can use the universityofillinoissupplemental403bretirementplancomparisonchart to guide discussions and provide personalized recommendations. By utilizing this tool, advisors can help individuals make well-informed decisions regarding their retirement savings.
Note: The specific target audience for the universityofillinoissupplemental403bretirementplancomparisonchart may vary depending on its intended use within the University of Illinois system.
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