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2022SALARYREDUCTIONAGREEMENT
TheGeorgeWashingtonUniversity457(b)DeferredCompensationPlan
GRID:___DaytimePhone:___
Name:___Misaddress:___Enrollment:457(b)DeferredCompensationPlan
InitialEnrollmentChangeIwishtoparticipateintheGeorgeWashingtonUniversity457(b)DeferredCompensationPlan.
IunderstandthattheamountthatIcontributecannotexceedthemaximumannualcontributionlimitas
definedbytheIntern.
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How to fill out deferred compensation ampamp 457
How to fill out deferred compensation ampamp 457
01
Contact your employer to enroll in the deferred compensation plan and 457 plan.
02
Study the plan documents and understand the investment options available to you.
03
Decide on how much of your salary you wish to contribute to the plans.
04
Complete the required forms provided by your employer to set up the contributions.
05
Monitor your accounts regularly and make any necessary adjustments to your investments over time.
Who needs deferred compensation ampamp 457?
01
Employees who want to supplement their retirement savings beyond their employer-sponsored plans.
02
Individuals who want to take advantage of tax-deferred savings and potentially lower their current tax liabilities.
03
Those who may want more flexibility in their retirement planning and investment options.
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What is deferred compensation & 457?
Deferred compensation & 457 refers to retirement savings plans offered to certain employees, typically government or non-profit organization workers. Contributions are made on a pre-tax basis and can be invested until withdrawal during retirement.
Who is required to file deferred compensation & 457?
Employees who participate in a deferred compensation & 457 plan are typically required to file appropriate forms with their employer.
How to fill out deferred compensation & 457?
Employees can fill out deferred compensation & 457 forms provided by their employer, usually indicating the amount they wish to contribute from their salary.
What is the purpose of deferred compensation & 457?
The purpose of deferred compensation & 457 plans is to help employees save for retirement on a tax-deferred basis.
What information must be reported on deferred compensation & 457?
Information such as employee contributions, employer contributions, investment choices, and account balances must be reported on deferred compensation & 457 forms.
What is the penalty for late filing of deferred compensation & 457?
Penalties for late filing of deferred compensation & 457 forms may vary, but can include fines or potential loss of tax benefits.
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