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AUTOMATIC CONTRIBUTION ARRANGEMENT SALARY DEFERRAL AGREEMENT Plan Name: Participant Name: Print or Type Complete Legal Name First, MI, Last Social Security Number: Street Address: City: Check One:
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How to fill out automatic contribution arrangement election

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How to fill out automatic contribution arrangement election:

01
Begin by obtaining the necessary form from your employer's human resources department or benefits administrator. This form is typically called the Automatic Contribution Arrangement Election Form.
02
Fill in your personal information, such as your full name, employee ID or social security number, and contact details.
03
Provide information regarding your investment choices, if applicable, such as selecting the funds or accounts in which your contributions will be allocated.
04
Indicate the percentage or amount of your salary that you wish to contribute to the automatic contribution arrangement. This may be a fixed percentage or a specific dollar amount.
05
If there are any employer matching contributions available, indicate your desired contribution percentage or amount to take full advantage of this benefit, if applicable.
06
Sign and date the form, certifying that the information provided is accurate to the best of your knowledge.
07
Submit the completed form to your employer's human resources department or benefits administrator within the designated timeframe.

Who needs automatic contribution arrangement election:

01
Employees who wish to save for retirement consistently but may struggle to remember or prioritize making regular contributions to their retirement account.
02
Individuals who want to take advantage of employer matching contributions, which can significantly boost their retirement savings.
03
Workers who prefer a straightforward and automated approach to building their retirement nest egg without manual contribution management.
It is important to note that specific eligibility criteria or plan rules may vary from one employer to another, so it is advisable to consult your employer's retirement plan documents or contact your human resources department for more information on who is eligible for an automatic contribution arrangement election.
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Automatic contribution arrangement election is a form used by employers to establish or modify an automatic enrollment arrangement for their retirement plans.
Employers who want to implement automatic enrollment in their retirement plans are required to file automatic contribution arrangement election.
Employers can fill out automatic contribution arrangement election by providing the necessary information about the automatic enrollment arrangement they wish to establish or modify.
The purpose of automatic contribution arrangement election is to encourage retirement savings by automatically enrolling employees into the retirement plan.
Information such as the automatic enrollment percentage, default investment option, and employee notification procedures must be reported on automatic contribution arrangement election.
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