Get the free 457 Participation Agreement - Prepare for My Future

MAIL COMPLETED FORM TO: STATE OF CONNECTICUT DEFERRED COMPENSATION 457 PLAN PARTICIPATION AGREEMENT CO-783 REV. 09/2014 www.CTdcp.com Goya Financial PO Box 990069 Hartford, CT 06199-0069 Telephone:

How to fill out 457 participation agreement

How to fill out 457 participation agreement:

1. Read the agreement carefully: Start by reviewing the entire 457 participation agreement to understand its terms and conditions. Pay close attention to any sections that require your personal information or signature.
2. Provide accurate personal details: Fill in your full name, address, contact information, and any other requested personal details accurately. It's crucial to ensure that all the information provided is correct and up-to-date.
3. Understand the investment options: Familiarize yourself with the investment options available under the 457 plan. Take the time to understand the risks associated with each option and determine your investment strategy accordingly.
4. Choose contribution amounts: Decide on the amount you want to contribute to your 457 plan. Some employers may have specific contribution limits, so ensure you comply with their guidelines. Select your desired contribution percentages or dollar amounts carefully.
5. Nominate beneficiaries: Consider naming beneficiaries who will receive the benefits of your 457 plan in the event of your death. Provide the necessary details, such as their full names, relationship to you, and their contact information.
6. Review and understand the terms: Carefully go through every section of the agreement to ensure you comprehend all the terms and conditions. If you have any questions or concerns, seek clarification from your employer or a financial advisor.
7. Seek legal advice if necessary: If you have any doubts or concerns regarding the participation agreement, it is advisable to consult with a qualified attorney who specializes in employment or financial law. They can provide expert guidance specific to your situation.

Who needs a 457 participation agreement:

1. Employees of government entities: The 457 participation agreement is typically required for employees who work for government entities, such as state and local governments, public schools, or public hospitals.
2. Individuals eligible for a 457 plan: To be eligible for a 457 plan, you must meet specific criteria, such as being a government employee or being employed by certain tax-exempt organizations. If you meet these eligibility requirements, you will need a participation agreement to enroll in the plan.
3. Individuals seeking retirement savings options: The 457 plan offers employees an opportunity to save for retirement on a tax-advantaged basis. If you are looking for a retirement savings option with potential tax benefits, a 457 plan, and its corresponding participation agreement, may be suitable for you.

Note: It is important to consult with your employer or a financial advisor to confirm whether a 457 participation agreement is required in your specific situation and to ensure compliance with any applicable laws and regulations.

For pdfFiller’s FAQs

How can I modify 457 participation agreement without leaving Google Drive?

Simplify your document workflows and create fillable forms right in Google Drive by integrating pdfFiller with Google Docs. The integration will allow you to create, modify, and eSign documents, including 457 participation agreement, without leaving Google Drive. Add pdfFiller’s functionalities to Google Drive and manage your paperwork more efficiently on any internet-connected device.

How do I fill out 457 participation agreement using my mobile device?

Use the pdfFiller mobile app to fill out and sign 457 participation agreement on your phone or tablet. Visit our website to learn more about our mobile apps, how they work, and how to get started.

How do I edit 457 participation agreement on an Android device?

You can edit, sign, and distribute 457 participation agreement on your mobile device from anywhere using the pdfFiller mobile app for Android; all you need is an internet connection. Download the app and begin streamlining your document workflow from anywhere.

What is 457 participation agreement?

The 457 participation agreement is a document that outlines the terms and conditions of a deferred compensation plan for eligible participants.

Who is required to file 457 participation agreement?

Employees who are eligible to participate in a 457 deferred compensation plan are required to file a participation agreement.

How to fill out 457 participation agreement?

To fill out a 457 participation agreement, eligible employees must provide their personal information, compensation details, contribution amounts, and beneficiary designation.

What is the purpose of 457 participation agreement?

The purpose of a 457 participation agreement is to establish the terms of a deferred compensation plan and outline the rights and obligations of the participant.

What information must be reported on 457 participation agreement?

The 457 participation agreement must include the participant's personal information, compensation details, contribution amounts, beneficiary designation, and any other relevant information required by the plan administrator.