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RESOLUTION NO. 18/1903 RESOLUTION OF THE BOARD OF DIRECTORS OF BAY AREA TECHNOLOGY SCHOOL APPROVING: 403(b) PLAN DOCUMENT and 457b PLAN DOCUMENT The Board of Directors (Board) of Bay Area Technology

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How to fill out 403b vs 457bfairfax county

01

Determine your eligibility for a 403b or 457b plan offered by the Fairfax County.

02

Consult with a financial advisor to understand the differences between the two retirement plans.

03

Choose the plan that aligns with your retirement goals and financial situation.

04

Complete the necessary enrollment forms provided by the Fairfax County to sign up for the selected plan.

05

Review and manage your contributions and investments regularly to ensure they are meeting your objectives.

Who needs 403b vs 457bfairfax county?

01

Employees of Fairfax County who want to save for retirement through a tax-advantaged plan may consider the 403b or 457b plans.

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Individuals looking for additional retirement savings options beyond traditional retirement accounts like 401(k) or IRA may also find these plans beneficial.

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What is 403b vs 457b Fairfax county?

403b and 457b are retirement savings plans offered to employees of government and non-profit organizations. The main difference lies in their eligibility requirements and withdrawal rules.

Who is required to file 403b vs 457b Fairfax county?

Employees of Fairfax county government and non-profit organizations who are eligible to participate in these retirement savings plans are required to file.

How to fill out 403b vs 457b Fairfax county?

To enroll in either the 403b or 457b plan in Fairfax county, employees need to contact their HR department or benefits administrator for the necessary forms and instructions.

What is the purpose of 403b vs 457b Fairfax county?

The purpose of these retirement savings plans is to help employees of Fairfax county government and non-profit organizations save for their future retirement.

What information must be reported on 403b vs 457b Fairfax county?

Employees participating in these plans must report their contributions, investment choices, and any withdrawals or loans taken from the accounts.

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