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REQUEST FOR PROPOSAL for457(b) DEFERRED COMPENSATION ADMINISTRATION AND RECORDKEEPING SERVICES 2223/07PURCHASING DEPARTMENT 530 WATER STREET OAKLAND, CA 94607US.350906922.01REQUEST FOR PROPOSAL RFP

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How to fill out 457b deferred compensation plan

01

Obtain the necessary forms from your employer or HR department.

02

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

03

Decide on the percentage or amount you want to contribute from each paycheck.

04

Choose your investment options from the plan's available choices.

05

Review and sign the completed forms before submitting them to your employer for processing.

Who needs 457b deferred compensation plan?

01

Employees of state and local governments

02

Employees of certain tax-exempt organizations

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What is 457b deferred compensation plan?

457b deferred compensation plan is a retirement savings plan for employees of state and local governments or tax-exempt organizations.

Who is required to file 457b deferred compensation plan?

Employees who are eligible to participate in the plan and choose to contribute to it are required to file the 457b deferred compensation plan.

How to fill out 457b deferred compensation plan?

To fill out the 457b deferred compensation plan, employees must provide their personal information, contribution amounts, investment selections, and beneficiary designation.

What is the purpose of 457b deferred compensation plan?

The purpose of the 457b deferred compensation plan is to allow employees to save for retirement on a tax-deferred basis.

What information must be reported on 457b deferred compensation plan?

The 457b deferred compensation plan must report the employee's personal information, contribution amounts, investment selections, and beneficiary designation.

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