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Participant Enrollment Governmental 457(b) Plan Massachusetts Deferred Compensation SMART Plan Mandatory OBRA9896602Participant InformationLast NameFirst NameMISocial Security NumberMailing AddressEMail
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How to fill out massachusetts deferred compensation smart

01
Obtain the Massachusetts Deferred Compensation SMART Plan enrollment packet.
02
Review the plan features and benefits provided in the packet.
03
Complete the enrollment form with personal information including name, address, and Social Security number.
04
Select your contribution amount and investment options based on your retirement goals.
05
Provide banking information if you want to set up direct deposits for contributions.
06
Review and confirm your selections before signing the form.
07
Submit the completed enrollment form to your employer's human resources department or directly to the plan administrator.

Who needs massachusetts deferred compensation smart?

01
State employees in Massachusetts looking to save for retirement.
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Employees who want to take advantage of tax-deferred savings.
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Individuals seeking additional retirement savings options beyond traditional 401(k) plans.
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Workers aiming to enhance their financial security for the future.
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Massachusetts Deferred Compensation SMART is a voluntary retirement savings program that allows employees to set aside a portion of their salary on a pre-tax basis to save for retirement.
All state employees and certain local government employees in Massachusetts who participate in the deferred compensation program are required to file the necessary paperwork.
To fill out the Massachusetts Deferred Compensation SMART, participants need to complete the enrollment forms provided by the program, specifying the amount to be contributed and providing personal and employment information.
The purpose of the Massachusetts Deferred Compensation SMART program is to provide employees with a tax-advantaged way to save for retirement, increase their savings, and enhance their financial security in retirement.
Participants must report their contribution amounts, investment choices, and any changes in employment status or personal information as required by the program.
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