Get the free NC 457(b) DEFERRED COMPENSATION PLAN

165Enrollment Form NC 457(b) DEFERRED COMPENSATION PLAN print using blue or black ink. Please keep a copy for your records and send completed form to the following Instructions Please address or fax

How to fill out nc 457b deferred compensation

How to fill out nc 457b deferred compensation

1. Obtain the necessary forms from your employer or the agency managing the nc 457b deferred compensation program.
2. Fill out the personal information section, including your name, social security number, and date of birth.
3. Provide your employment information, such as your job title, department, and employer identification number.
4. Choose the contribution amount you would like to make to your nc 457b deferred compensation account. This can typically be a percentage of your salary or a specific dollar amount.
5. Decide whether you want to make pre-tax or after-tax contributions. Pre-tax contributions are deducted from your paycheck before taxes are applied, while after-tax contributions are deducted after taxes have been calculated.
6. Select your investment options. The nc 457b deferred compensation program may offer a range of investment funds or options to choose from. Consider your risk tolerance and investment goals when making your selections.
7. Review all the information you have provided, ensuring it is accurate and complete.
8. Sign and date the form. This may require a witness or notary depending on the requirements of your employer or the agency managing the program.
9. Submit the completed form to your employer or the agency managing the nc 457b deferred compensation program. They will process your request and set up your account.

Who needs nc 457b deferred compensation?

1. Anyone who is eligible for the nc 457b deferred compensation program and wants to save for their retirement needs can benefit from it.
2. This includes public employees, such as teachers, police officers, firefighters, and government workers, who may not have access to a traditional pension or who want additional retirement savings.
3. Additionally, individuals who want to take advantage of potential tax benefits, such as pre-tax contributions and tax-deferred growth, may find nc 457b deferred compensation appealing.
4. It is important to consult with a financial advisor or tax professional to determine if nc 457b deferred compensation is suitable for your individual financial situation and retirement goals.

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What is nc 457b deferred compensation?

NC 457b deferred compensation is a retirement savings plan offered to North Carolina state employees that allows them to defer a portion of their salary until retirement.

Who is required to file nc 457b deferred compensation?

North Carolina state employees are required to file nc 457b deferred compensation if they choose to participate in the plan.

How to fill out nc 457b deferred compensation?

To fill out nc 457b deferred compensation, employees must designate the percentage of their salary to contribute to the plan and select investment options.

What is the purpose of nc 457b deferred compensation?

The purpose of nc 457b deferred compensation is to help employees save for retirement by deferring a portion of their salary and investing it for the future.

What information must be reported on nc 457b deferred compensation?

Information such as the percentage of salary deferred, investment options selected, and contributions made must be reported on nc 457b deferred compensation.