Get the free Empower Retirement (Great-West) 457 ... - City of Riverside - riversideca

Paycheck Contribution Election Governmental 457(b) Plan City of Riverside Employee's Deferred Compensation Plan 9824601 Use black or blue ink when completing this form. For questions regarding this

How to fill out empower retirement great-west 457

How to fill out empower retirement great-west 457:

1. Access the Empower Retirement website or portal and login to your account using your username and password.
2. Navigate to the "457 Plan" section or search for "Great-West 457" in the search bar.
3. Select the option to "Fill out empower retirement great-west 457" or any similar option provided.
4. Carefully review and understand the instructions and guidelines provided for filling out the form.
5. Begin by entering personal information such as your name, address, social security number, and contact details in the respective fields.
6. Next, provide your employment details, including the name of your employer, job title, and length of employment.
7. Follow the instructions to designate your contribution amount or percentage for the 457 plan.
8. Make sure to review and understand the investment options available and select the appropriate investment strategy that aligns with your financial goals and risk tolerance.
9. If required, designate beneficiaries for your 457 plan by providing their personal information and the percentage of the benefit each beneficiary should receive.
10. Double-check all the information you have entered before submitting the form.
11. Once you are satisfied with the accuracy and completeness of the information, submit the form as instructed.

Who needs empower retirement great-west 457:

1. Individuals who work for government employers that offer the Great-West 457 plan as a retirement savings option.
2. Employees who want to contribute a portion of their salary towards retirement and have tax advantages.
3. Those who are seeking a flexible retirement savings plan that allows for pre-tax contributions and potential tax-deferred growth on investment earnings.
4. Individuals who want to save for retirement with a wide range of investment options available.
5. Employees who may qualify for employer match or other contributions to their 457 plan, effectively increasing their retirement savings potential.
6. People who want to have additional retirement savings above and beyond their employer's pension plan, Social Security benefits, or other retirement savings accounts they may have.

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What is empower retirement great-west 457?

Empower Retirement Great-West 457 is a retirement savings plan offered by Empower Retirement that allows employees of state and local governments, as well as certain non-profit organizations, to save for retirement on a tax-deferred basis.

Who is required to file empower retirement great-west 457?

Employees of state and local governments, as well as certain non-profit organizations, are required to file Empower Retirement Great-West 457 if they participate in the plan.

How to fill out empower retirement great-west 457?

To fill out Empower Retirement Great-West 457, participants need to provide personal information, designate beneficiaries, choose investment options, and decide on contribution amounts.

What is the purpose of empower retirement great-west 457?

The purpose of Empower Retirement Great-West 457 is to help employees save for retirement in a tax-efficient manner, with the goal of providing financial security in retirement.

What information must be reported on empower retirement great-west 457?

Participants must report their personal information, beneficiary designations, investment selections, contribution amounts, and any distributions or withdrawals on Empower Retirement Great-West 457.