Get the free 457(b) Account Application - American Century

Account Application for 403(b) and 457(b) Investors If you are a non-resident alien, call us before completing this application. Mail this completed application to American Century Investments to

How to fill out 457b account application

How to fill out 457b account application:

1. Gather necessary documents: Before starting the application, make sure you have all the required documents handy. These may include identification proof, social security number, employment details, and beneficiary information.
2. Research your employer's plan: Understand the specific rules and regulations of your employer's 457b plan. Familiarize yourself with contribution limits, investment options, and any other relevant details that may be required in the application.
3. Contact your plan administrator: If you have any doubts or questions regarding the application process, reach out to your plan administrator. They can provide guidance and assist you in submitting a complete and accurate application.
4. Fill in personal information: Start by providing your full name, address, contact details, and social security number. Ensure that the information is accurate and up-to-date.
5. Employment details: Include information about your current employer, such as their name, address, and contact information. You may also need to provide details like your job title, salary, and hire date.
6. Contribution amount: Indicate the amount you wish to contribute to your 457b account. Be aware of the annual contribution limits set by the IRS and ensure that you comply with them. You may have the option to choose a specific percentage or a fixed amount to contribute.
7. Beneficiary designation: Specify the beneficiary for your 457b account. This is the person who will receive the funds in case of your death. Provide their full name, contact information, and relationship to you. It's important to review and update this information periodically.
8. Investment options: Some 457b plans allow you to choose how your contributions will be invested. If applicable, select the investment options that align with your financial goals and risk tolerance. If you're unsure, seek guidance from a financial advisor.

Who needs a 457b account application:

1. Employees of eligible employers: The 457b account application is needed for employees who work for government entities, tax-exempt organizations, or certain non-profit organizations that offer a 457b retirement plan. These individuals have the opportunity to invest in a tax-advantaged account for their retirement savings.
2. Individuals seeking additional retirement savings: A 457b account application is beneficial for those who want to save more for their retirement beyond traditional retirement accounts like 401(k) or IRA. It allows eligible employees to contribute pre-tax dollars, potentially reducing their taxable income while saving for the future.
3. Those looking for tax advantages: The 457b retirement plan offers tax advantages, such as tax-deferred growth and potential tax savings at retirement. Individuals who want to take advantage of these benefits can fill out a 457b account application to begin contributing to the plan.

For pdfFiller’s FAQs

What is 457b account application?

457b account application is a form used to enroll in a retirement savings plan for eligible employees of state and local governments, as well as tax-exempt organizations.

Who is required to file 457b account application?

Employees of state and local governments, as well as tax-exempt organizations, are required to file a 457b account application if they wish to enroll in the retirement savings plan.

How to fill out 457b account application?

To fill out a 457b account application, one must provide personal information, employment details, and choose investment options as per the instructions provided in the form.

What is the purpose of 457b account application?

The purpose of a 457b account application is to enroll eligible employees in a retirement savings plan that allows them to save and invest for their post-employment years.

What information must be reported on 457b account application?

On a 457b account application, one must report personal details such as name, address, social security number, employment information, and preferred investment options.

When is the deadline to file 457b account application in 2023?

The deadline to file a 457b account application in 2023 is typically determined by the employer and may vary. It is advisable to check with the employer or plan administrator for specific deadline information.

What is the penalty for the late filing of 457b account application?

The penalty for late filing of a 457b account application may vary depending on the employer or plan rules. It is important to adhere to the deadline to avoid any penalties or consequences.

How can I get 457b account application?

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