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Get the free State of Michigan 401(k) and 457 Plans

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18007486128 https://stateofmi.voya.comDirect Deposit Agreement authorize State of Michigan 401(k) and 457 Plans to make deposits to my account in the financial institution named below, and I authorize
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01
Obtain the State of Michigan 401k enrollment form from your employer or the HR department.
02
Provide your personal information such as your name, address, and social security number.
03
Review the investment options available and select the funds in which you want to invest your contributions.
04
Determine the percentage or dollar amount of your salary that you want to contribute to the 401k plan.
05
Consider contributing up to the maximum allowed by the plan to take full advantage of any employer matching contributions.
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Complete the beneficiary designation section, specifying who will receive the funds in the event of your death.
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Sign and date the form.
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Submit the completed form to your employer or the HR department for processing.

Who needs state of michigan 401k?

01
Employees working for the State of Michigan
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The State of Michigan 401k is a retirement savings plan offered to employees of the State of Michigan, allowing them to save a portion of their salary for retirement in a tax-advantaged manner.
Employees of the State of Michigan who participate in the state-sponsored 401k plan are required to file necessary documentation related to their contributions and benefits.
To fill out the State of Michigan 401k forms, employees should gather necessary personal information, include contribution amounts, and follow the step-by-step guidelines provided by the state on their official website or through HR.
The purpose of the State of Michigan 401k is to help employees save for retirement in a way that promotes financial security and allows for tax-deferred growth of retirement savings.
Information that must be reported typically includes employee's personal information, contribution amounts, employer contributions, and any changes in employment status.
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