Get the free Tax-Sheltered Annuity Plan Acknowledgement and Opt-Out Form - hr gmu

Human Resources & Payroll 4400 University Drive, MS 3C3, Fairfax, Virginia 22030 Phone: 703-993-2600; Fax: 703-993-2601 GEORGE MASON UNIVERSITY 403(B) SHELTERED ANNUITY PLAN ACKNOWLEDGEMENT AND OPT-OUT

How to fill out tax-sheltered annuity plan acknowledgement

How to fill out tax-sheltered annuity plan acknowledgement:

1. Obtain the form: First, you need to obtain the tax-sheltered annuity plan acknowledgement form. This form is typically provided by your employer or the plan administrator.
2. Read the instructions: Take the time to carefully read the instructions that accompany the form. These guidelines will provide you with the necessary information on how to correctly complete the form.
3. Personal information: Begin by filling out your personal information, including your full name, social security number, address, and contact details. Ensure that you provide accurate and up-to-date information.
4. Employer information: Next, provide your employer's information, such as the company name, address, and contact details. If you have multiple employers, you may need to fill out separate forms for each employer.
5. Contribution details: Indicate the amount you wish to contribute to your tax-sheltered annuity plan. This may include both your own contributions and any employer matching contributions, if applicable. Be sure to follow any contribution limits set by the plan.
6. Investment options: If the form requires you to select investment options, carefully review the available choices and make your selections accordingly. Consider factors such as risk tolerance, investment goals, and diversification.
7. Beneficiary designation: Many tax-sheltered annuity plans require you to designate one or more beneficiaries who would receive the benefits in the event of your death. Provide the required information for your chosen beneficiary/beneficiaries.
8. Signature and date: Finally, sign and date the tax-sheltered annuity plan acknowledgement form, certifying that all the information provided is accurate and complete. Keep a copy of the form for your records.

Who needs tax-sheltered annuity plan acknowledgement?

1. Employees with tax-sheltered annuity plans: Individuals who are participating in a tax-sheltered annuity plan through their employer would typically need to complete and submit a tax-sheltered annuity plan acknowledgement. This form acknowledges their participation in the plan and confirms their contribution details.
2. Employer plan administrators: The tax-sheltered annuity plan acknowledgement form is also needed by employers or plan administrators to keep track of employees' participation in the plan, contributions, and beneficiary designations. This allows them to effectively manage and administer the plan on behalf of their employees.
3. Financial institutions: In some cases, financial institutions that administer tax-sheltered annuity plans may require individuals to complete an acknowledgement form. This helps them ensure that all the necessary information is obtained to correctly establish and manage the plan account.

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What is tax-sheltered annuity plan acknowledgement?

A tax-sheltered annuity plan acknowledgement is a form that acknowledges an individual's participation in a tax-sheltered annuity plan, also known as a 403(b) plan.

Who is required to file tax-sheltered annuity plan acknowledgement?

Employees who participate in a tax-sheltered annuity plan are required to file tax-sheltered annuity plan acknowledgement.

How to fill out tax-sheltered annuity plan acknowledgement?

Tax-sheltered annuity plan acknowledgement can usually be filled out online through the employer's HR portal or provided by the plan administrator.

What is the purpose of tax-sheltered annuity plan acknowledgement?

The purpose of tax-sheltered annuity plan acknowledgement is to confirm an individual's participation in a tax-sheltered annuity plan for tax purposes.

What information must be reported on tax-sheltered annuity plan acknowledgement?

Tax-sheltered annuity plan acknowledgement typically requires the individual's name, Social Security number, contribution amount, and any employer matching contributions.