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Incoming Transfer/Direct Rollover Governmental 457(b) Plan Wyoming Retirement System 457 Deferred Compensation Planetary Government Employee 9300101 Other Government Employee 9300102Participant Information

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How to fill out 457 deferred compensation plan

01

Enroll in the 457 deferred compensation plan through your employer.

02

Make sure to provide all necessary personal information, such as name, address, and social security number.

03

Choose how much of your income you want to defer into the plan, keeping in mind any contribution limits set by the IRS.

04

Select your investment options based on your risk tolerance and financial goals.

05

Monitor and adjust your contributions and investments as needed to stay on track towards your retirement goals.

Who needs 457 deferred compensation plan?

01

Employees of state and local governments or certain tax-exempt organizations who want to save for retirement while reducing their taxable income.

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What is 457 deferred compensation plan?

457 deferred compensation plan is a retirement plan available to certain employees of state and local governments and tax-exempt organizations.

Who is required to file 457 deferred compensation plan?

Employees who are eligible to participate in a 457 deferred compensation plan are required to file.

How to fill out 457 deferred compensation plan?

Employees can fill out a 457 deferred compensation plan by completing the necessary forms provided by their employer.

What is the purpose of 457 deferred compensation plan?

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

What information must be reported on 457 deferred compensation plan?

Information such as employee contributions, investment options, and beneficiary designations must be reported on a 457 deferred compensation plan.

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