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UNIVERSITY OF ILLINOIS SUPPLEMENTAL 403(b) RETIREMENT Unamended and Restated Effective March 1, 2018 I11809154.6TABLE OF CONTENTS Page ARTICLE I. Section 1.01. Section 1.02. Section 1.03. Section

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How to fill out university 403b plan

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To fill out a university 403b plan, follow these steps:

02

Obtain the necessary forms from your university's HR department or retirement plan provider.

03

Provide your personal information, such as your name, address, and social security number.

04

Select your contribution amount and specify whether it will be a percentage of your salary or a fixed dollar amount.

05

Choose your investment options from the available funds offered by the plan.

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Decide if you want to make traditional pre-tax contributions or Roth after-tax contributions.

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Designate your beneficiaries who will receive the plan assets in the event of your death.

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Review and sign the completed forms, ensuring all required fields are filled out accurately.

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Submit the forms to the HR department or retirement plan provider for processing.

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Monitor your 403b account regularly and make adjustments to your contributions or investments as needed.

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Note: It is recommended to consult with a financial advisor or tax professional before making any decisions regarding your 403b plan.

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It allows these individuals to save for retirement while also potentially benefiting from employer contributions and tax advantages.

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What is university 403b plan?

A 403b plan is a retirement savings plan offered by universities and certain non-profit organizations to help employees save for retirement.

Who is required to file university 403b plan?

Employers who offer a 403b plan to their employees are required to file the plan.

How to fill out university 403b plan?

Employees can typically fill out their 403b plan enrollment forms with the help of their employer's HR department or retirement plan provider.

What is the purpose of university 403b plan?

The purpose of a 403b plan is to provide employees with a tax-advantaged way to save for retirement.

What information must be reported on university 403b plan?

The university 403b plan must report information such as employee contributions, employer contributions, investment information, and account balances.

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