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Last NameFirst Reinvestment OPTION Participant Enrollment 401(a) Plan Enrollment TICKER CODE NAME Participant CRA 2060 Target Date Portfolio. . . . . . . . . . . . . . . . N/A C2060 Governmental 457(b)

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How to fill out 401k automatic enrollment election

01

Check with your employer to see if they offer automatic enrollment for their 401k plan.

02

If automatic enrollment is available, review the plan details and understand the contribution percentages and investment options.

03

Complete the necessary enrollment forms provided by your employer, including selecting your contribution percentage and investment options.

04

Submit the forms to your employer within the specified deadline to ensure enrollment in the 401k plan.

Who needs 401k automatic enrollment election?

01

Individuals who want to start saving for retirement but may not have the discipline to manually enroll in a retirement plan.

02

Employees who want to take advantage of employer-matched contributions without having to actively enroll in the 401k plan.

03

Workers who prefer a hands-off approach to retirement savings and want their contributions automatically deducted from their paycheck.

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What is 401k automatic enrollment election?

401k automatic enrollment election is a process where employees are automatically enrolled in a company's 401k retirement plan unless they choose to opt-out.

Who is required to file 401k automatic enrollment election?

Employers are required to file 401k automatic enrollment election for their eligible employees.

How to fill out 401k automatic enrollment election?

Employers can fill out 401k automatic enrollment election by providing the necessary information about the retirement plan and employee eligibility.

What is the purpose of 401k automatic enrollment election?

The purpose of 401k automatic enrollment election is to encourage retirement savings by making it easier for employees to participate in the company's retirement plan.

What information must be reported on 401k automatic enrollment election?

401k automatic enrollment election must include details about the retirement plan, employee eligibility criteria, contribution rates, and opt-out options.

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