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01457 Governmental Plan Matchup Election
THE STATE OF HAWAII ISLAND SAVINGS PLAN
Instructions Please print using blue or black ink. You should schedule an appointment with a local benefits counselor
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How to fill out 457 governmental plan catch-up
How to fill out 457 governmental plan catch-up
01
Step 1: Obtain the 457 governmental plan catch-up form from the relevant authority or website.
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Step 2: Read and understand the instructions provided with the form.
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Step 3: Gather all the necessary information and documentation required to fill out the form, such as personal details and financial information.
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Step 4: Fill out the form accurately and legibly, following the provided guidelines.
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Step 5: Double-check the completed form for any errors or missing information.
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Step 6: Attach any supporting documents requested with the form, such as proof of age or employment.
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Step 7: Review the filled-out form one final time to ensure all information is correct and complete.
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Step 8: Submit the completed form and supporting documents to the designated authority or address as mentioned on the form.
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Step 9: Keep a copy of the filled-out form and any supporting documents for your records.
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Step 10: Wait for the confirmation or further communication from the authority regarding your submission.
Who needs 457 governmental plan catch-up?
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Individuals who have a 457 governmental plan and wish to make additional catch-up contributions can benefit from the 457 governmental plan catch-up.
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Those who are eligible for the 457 governmental plan catch-up include employees who are within three years of the normal retirement age specified by the plan.
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Additionally, individuals who have not contributed the maximum allowable amount to their 457 governmental plan in previous years may also be interested in utilizing the catch-up provision.
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It is advisable to consult with a financial advisor or the plan administrator to determine eligibility and understand the specific rules and regulations surrounding the 457 governmental plan catch-up.
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