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MELINC. 100 INVESTMENT OPTION NAME GWRS FENRAP 3121 01/06/17 ADD NUPART ADMIN FORMAT NGLVRS/DOC ID 464698707 Page 1 of 3 M. GWFS Equities Inc. Member FINRA/SIPC is a wholly owned subsidiary of Great-West Life Annuity Insurance Company. If you have any questions regarding SSA-1945 or if you have not completed SSA-1945 please contact your employer. Mass-smart. com Core securities when offered are offered through GWFS Equities Inc. and/or other broker dealers. Day Year Date of Birth Date of Hire...
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How to fill out governmental 457b plan participant

01
Gather all the necessary documents such as your social security number, proof of employment, and identification.
02
Contact your employer's HR department to obtain the necessary forms for enrolling in the governmental 457b plan.
03
Carefully review the instructions provided with the forms to understand the requirements and options available.
04
Fill out the forms accurately and completely, providing all the necessary personal and employment information.
05
Submit the completed forms along with any supporting documents to the HR department or the designated plan administrator.
06
Keep a copy of the filled-out forms and supporting documents for your records.
07
Wait for confirmation from the HR department or plan administrator regarding your enrollment in the governmental 457b plan.
08
Once enrolled, regularly review and manage your contributions, investment options, and beneficiary designations as needed.

Who needs governmental 457b plan participant?

01
Government employees, such as state and local government employees, who are eligible for the governmental 457b plan.
02
Employees who want to save for retirement with a plan that offers tax advantages and potential matching contributions.
03
Individuals looking for an additional retirement savings option beyond their employer-sponsored 401k or 403b plans.
04
Those who wish to take advantage of the higher contribution limits allowed by the governmental 457b plan compared to other retirement plans.
05
Employees who have long-term financial goals and want to secure their retirement with a disciplined savings approach.
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A governmental 457b plan participant is an employee of a state or local government or a tax-exempt organization who contributes to a 457b retirement plan.
Employers are required to file information about governmental 457b plan participants to the IRS.
Employers must use Form 1099-R to report distributions from governmental 457b plans.
The purpose of governmental 457b plans is to provide retirement benefits to employees of state or local governments and tax-exempt organizations.
Employers must report the participant's name, social security number, contributions, and distributions on Form 1099-R.
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