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Southern York County School District 457(b) Plan 457(b) Salary Deferral and Investment Election Agreement Participant Asocial Security No. AddressStateCityDate of BirthDate of EmploymentZipEmail Address

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What is 457b salary deferral?

457b salary deferral refers to a retirement savings plan that allows employees of state and local governments and certain nonprofit organizations to set aside a portion of their salary, pre-tax, into a deferred compensation account.

Who is required to file 457b salary deferral?

Employees who participate in a 457b plan and make salary deferrals are required to file the necessary documentation related to their contributions and withdrawals.

How to fill out 457b salary deferral?

To fill out a 457b salary deferral, an employee must complete a deferral election form provided by their employer, indicating the amount of salary to be deferred, and submit it to the plan administrator.

What is the purpose of 457b salary deferral?

The purpose of 457b salary deferral is to allow employees to save for retirement on a tax-deferred basis, reducing their taxable income in the year contributions are made.

What information must be reported on 457b salary deferral?

Information that must be reported includes the amount of salary deferral contributions, employer contributions (if any), and any withdrawals made during the tax year.

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