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457 Plan Authorization
for ACH Debit of Contributions
This form must be completed and the signed and completed form should be faxed to Goya Financial
using the instructions below. Agency name:daytime
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How to fill out 457 plan authorization
How to fill out 457 plan authorization
01
To fill out a 457 plan authorization form, follow these steps:
02
Obtain the appropriate form from your employer or plan administrator.
03
Provide your personal identifying information, such as your name, address, and social security number.
04
Indicate your employment information, including your employer's name and contact information.
05
Specify the amount or percentage of your salary that you would like to contribute to the 457 plan.
06
Choose your investment options from the available selections provided by the plan.
07
Designate your beneficiaries who would receive the plan benefits upon your death.
08
Review the information provided and ensure its accuracy.
09
Sign and date the authorization form.
10
Submit the completed form to your employer or plan administrator.
Who needs 457 plan authorization?
01
457 plan authorization is needed by individuals who are eligible to participate in a 457 retirement plan offered by their employer.
02
This typically includes employees of state and local governments, certain non-profit organizations, and some employees in the private sector.
03
If your employer offers a 457 plan and you meet the eligibility criteria, you will need to fill out the authorization form to begin contributing to the plan.
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