Get the free 457 Salary Reduction Agreement - National Plan Administrators
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Agreement By signing the Agreement Employee agrees to modify his/her salary as indicated above and Employer agrees to contribute this amount on Employee s behalf into the 457 annuity ies or custodial account s selected by Employee and authorized by the Employer properly identifying pre-tax contributions and post-tax Roth 457 contributions for proper allocation to segregated accounts by the Page 1 NPA 457 Salary Reduction Agreement Ver 2015. A new Salary Reduction Agreement must be completed...
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How to fill out 457 salary reduction agreement
How to fill out 457 salary reduction agreement
01
Read the 457 salary reduction agreement form carefully.
02
Provide the necessary personal information, such as your name, address, and Social Security number.
03
Indicate the effective date of the salary reduction agreement.
04
Specify the amount or percentage of your salary that will be reduced.
05
State the reason for the salary reduction, if applicable.
06
Sign and date the agreement.
07
Submit the completed form to the relevant authority or employer.
Who needs 457 salary reduction agreement?
01
Employees who want to contribute a portion of their salary towards a specific retirement plan.
02
Employers who offer a 457 retirement plan and require employees to complete a salary reduction agreement.
03
Individuals who want to take advantage of tax benefits associated with contributing to a 457 retirement plan.
04
Workers who wish to save for retirement and have the option to reduce their salary for that purpose.
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