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Get the free 457(b) Deferred Compensation - MPERA - Montana.gov

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Beneficiary Designation Governmental 457(b) Plan Deferred Compensation Plan of the City of Lindsay10004101For My Information For questions regarding this form, visit the website at empowermyretirement.com
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How to fill out 457b deferred compensation

01
Obtain the necessary forms from your employer or plan administrator.
02
Provide your personal information, such as your name, address, social security number, and date of birth.
03
Determine how much money you want to contribute to your 457b plan and indicate this on the form.
04
Choose your investment options from the available choices provided by the plan.
05
Sign and date the form, then submit it to your employer or plan administrator.

Who needs 457b deferred compensation?

01
457b deferred compensation is typically offered to employees of state and local governments, as well as certain tax-exempt organizations.
02
Those who are looking to save for retirement and take advantage of tax-deferred savings opportunities may benefit from a 457b plan.
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457b deferred compensation is a retirement savings plan available to employees of state and local governments or tax-exempt organizations.
Employees of state and local governments or tax-exempt organizations are usually the ones required to participate in and file for a 457b deferred compensation plan.
To fill out a 457b deferred compensation plan, employees need to consult with their HR department or plan administrator for specific instructions on enrollment and contribution amounts.
The purpose of a 457b deferred compensation plan is to allow employees to save for retirement while reducing their taxable income.
The information reported on a 457b deferred compensation plan typically includes employee contributions, employer contributions, investment elections, and account balances.
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