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401(k) or 457(b) Plan Enrollment Contract INSTRUCTIONS: 1. 2. 3. 4. 5. Use this form to enroll in a Utah Retirement Systems (URS) 401(k) or 457(b) Plan. You can also enroll online at www.urs.org.
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Enroll in a 401k plan through your employer.
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Determine how much you want to contribute from your paycheck.
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Choose your investment options within the 401k plan.
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Monitor and adjust your contributions and investments as needed.
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Understand the tax implications and withdrawal rules of a 401k.

Who needs how to use 401k?

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Anyone who wants to save for retirement through a tax-advantaged account.
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401(k) is a retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their paycheck before taxes are taken out.
Employers are required to offer a 401(k) plan to their employees in order to help them save for retirement.
Employees can enroll in their employer's 401(k) plan and choose how much to contribute from their paycheck, as well as how to invest the money within the plan.
The purpose of a 401(k) plan is to provide a tax-advantaged way for employees to save for retirement with the help of their employer.
Employers must report information such as employee contributions, matching contributions, plan investments, and administrative fees to the IRS.
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