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BENEFIT DISTRIBUTION REQUESTDC3782 0321DC3782 0321BENEFIT DISTRIBUTION REQUEST INSTRUCTIONS AND OPTIONS INTRODUCTION This package is designed to help you understand your 457 Deferred Compensation
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Deferred compensation plan is an arrangement where a portion of an employee's income is paid out at a later date, often after retirement, rather than immediately.
Employers who offer deferred compensation plans to their employees are required to file the plan.
The employer must provide details of the plan, including participant information, contributions, earnings, and distributions.
The purpose of a deferred compensation plan is to provide employees with a way to save for retirement or other future financial needs.
The plan must report participant information, contributions, earnings, distributions, and any other relevant details.
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