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Utah Retirement Systems PO Box 1590 Salt Lake City, Utah 84110-1590 (801) 366-7720 or (800) 688-401k FAX (801) 366-7445 www.urs.org 2. 3. 4. 5. Name (First, Middle, Last) Mailing Address 401(k) and
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How to fill out slc schools 457 plan
How to fill out slc schools 457 plan?
01
Gather all necessary documents such as identification, social security number, and employment information.
02
Contact the human resources department of the slc schools to obtain the necessary forms for enrolling in the 457 plan.
03
Fill out the forms completely and accurately. Make sure to include all required information, such as beneficiary designations and contribution amounts.
04
Submit the completed forms to the designated person or department within the slc schools. Follow any specific instructions provided by the school district.
05
Keep copies of all submitted documents for your records.
Who needs slc schools 457 plan?
01
Employees of slc schools who want to save for retirement while enjoying potential tax benefits.
02
Individuals who are looking for a retirement savings option outside of traditional 401(k) plans.
03
Those who prefer to have their retirement contributions deducted directly from their paycheck, making saving easier and more convenient.
04
People who are interested in accessing their retirement savings before age 59 ½ without incurring a penalty, as the slc schools 457 plan allows for early withdrawals in certain circumstances.
05
Anyone who wants to take advantage of tax-deferred growth potential on their retirement savings.
Note: The specific eligibility requirements and features of the slc schools 457 plan may vary. It is recommended to consult with the human resources department of slc schools for detailed information regarding the plan and your individual situation.
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What is slc schools 457 plan?
The SLC Schools 457 plan is a retirement savings plan for employees of the SLC Schools district. It allows employees to contribute a portion of their salary on a pre-tax basis to save for retirement.
Who is required to file slc schools 457 plan?
All eligible employees of the SLC Schools district are required to file the 457 plan if they wish to participate in the retirement savings program.
How to fill out slc schools 457 plan?
To fill out the SLC Schools 457 plan, employees need to complete the enrollment form provided by the SLC Schools district. They will need to provide personal information, choose their contribution amount, and designate beneficiaries.
What is the purpose of slc schools 457 plan?
The purpose of the SLC Schools 457 plan is to provide employees with a tax-advantaged way to save for retirement. It allows them to contribute a portion of their salary on a pre-tax basis, which can result in potential tax savings.
What information must be reported on slc schools 457 plan?
The SLC Schools 457 plan requires employees to report their personal information, contribution amount, and beneficiary designations. Additionally, any changes in employment status or salary should be reported to ensure accurate record-keeping.
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