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Get the free 401(a) & 457(b) plans - Retirement - Florida League of Cities

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FLORIDA MUNICIPAL PENSION TRUST FUND401(a) Defined Contribution and 457(b) Deferred Compensation Retirement PlansTHE FLORIDA LEAGUE OF CITIES AND FLORIDA MUNICIPAL PENSION TRUST FUND The Florida League
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How to fill out 401a amp 457b plans

01
Contact your human resources department to obtain the necessary paperwork for enrolling in the 401a and 457b plans.
02
Review the investment options available in each plan and determine which ones align with your financial goals and risk tolerance.
03
Fill out the enrollment forms with accurate personal and financial information.
04
Decide on the contribution amount you wish to make to each plan and indicate this on the forms.
05
Submit the completed forms to your human resources department and keep copies for your records.

Who needs 401a amp 457b plans?

01
Employees of government organizations, such as state and local governments, school districts, and non-profit entities, are eligible to participate in 401a and 457b plans.
02
These plans are designed to help these employees save for retirement and offer tax advantages that may not be available through other retirement savings options.
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401(a) and 457(b) plans are retirement savings plans, typically offered by employers, that allow employees to contribute a portion of their salary to a tax-deferred account.
Employers who offer 401(a) and 457(b) plans to their employees are required to file the necessary paperwork and ensure compliance with IRS regulations.
Employers must work with their plan administrators to gather all required information, such as employee contributions, investments, and distributions, and complete the necessary IRS forms.
The purpose of 401(a) and 457(b) plans is to help employees save for retirement by providing a tax-advantaged way to contribute to a retirement account.
Information such as employee contributions, investment options, account balances, and distributions must be reported on 401(a) and 457(b) plans.
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