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Salary Reduction Agreement for Tax Sheltered Annuity Plan (403 b) and Deferred Compensation Plan (457)Employee Information Employee Name: Banner number: Investment Plan Information (check one box.
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How to fill out 403b and 457b contributions

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How to fill out 403b and 457b contributions

01
To fill out 403b contributions, follow these steps -
02
Obtain the necessary contribution forms from your employer or plan administrator.
03
Provide your personal information, such as name, Social Security number, and contact details.
04
Specify the contribution amount and whether it is a pre-tax or Roth contribution.
05
Determine the frequency of contributions (e.g., monthly, bi-weekly) and the start date.
06
Complete any additional information required, such as beneficiary designations.
07
Sign and date the form, then submit it to your employer or plan administrator.
08
09
To fill out 457b contributions, follow these steps -
10
Obtain the necessary contribution forms from your employer or plan administrator.
11
Provide your personal information, such as name, Social Security number, and contact details.
12
Indicate the contribution amount and whether it is a pre-tax or Roth contribution.
13
Determine the frequency of contributions (e.g., monthly, bi-weekly) and the start date.
14
Complete any additional information required, such as beneficiary designations.
15
Sign and date the form, then submit it to your employer or plan administrator.

Who needs 403b and 457b contributions?

01
403b contributions are primarily available to employees of public schools, colleges, universities, and certain tax-exempt organizations.
02
457b contributions are available to employees of state and local governments, including police officers, firefighters, and other public servants.
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403b and 457b contributions are retirement savings plans for employees of certain non-profit organizations and governmental employers.
Employees who are eligible for these retirement savings plans are required to file 403b and 457b contributions.
Employees can fill out 403b and 457b contributions through their employer's designated retirement savings plan provider.
The purpose of 403b and 457b contributions is to help employees save for retirement with pre-tax dollars.
Information such as the amount contributed, the employee's name, and employer identification number must be reported on 403b and 457b contributions.
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