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LOUISIANA LOTTERY CORPORATION BASIC, SUPPLEMENTAL, AND 457(b) RETIREMENT PLANS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE PLAN YEAR ENDED DECEMBER 31, 2023LOUISIANA LOTTERY CORPORATION BASIC, SUPPLEMENTAL, AND 457(b) RETIREMENT PLANS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE PLAN YEAR ENDED DECEMBER 31, 2023PREPARED BY ACCOUNTING DEPARTMENT KAREN B. FOURNET SENIOR VICE PRESIDENT SECRETARY TREASURERLOUISIANA LOTTERY CORPORATION BASIC, SUPPLEMENTAL, AND 457(b) RETIREMENT PLANS ANNUAL

How to fill out basic supplemental and 457b

How to fill out basic supplemental and 457b

1. Gather necessary personal and financial information, including Social Security number and income details.
2. Obtain the basic supplemental and 457b forms from your employer or financial institution.
3. Fill out personal information sections on both forms, ensuring all details are accurate.
4. For the 457b form, indicate your desired contribution amount, keeping in mind contribution limits.
5. Complete any required sections regarding your investment choices for the 457b plan.
6. Review the forms for any errors or missing information before submission.
7. Submit the completed forms to your employer's HR department or the designated administrator.

Who needs basic supplemental and 457b?

1. Employees looking to save for retirement on a tax-deferred basis through the 457b plan.
2. Those seeking additional financial security through basic supplemental insurance.
3. Individuals preparing for the future, especially those employed in government or non-profit sectors who may have access to these plans.

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What is basic supplemental and 457b?

Basic supplemental refers to additional retirement plans that supplement the primary retirement system, while a 457b plan is a type of deferred compensation plan available for governmental and certain non-profit employers allowing employees to save for retirement on a tax-deferred basis.

Who is required to file basic supplemental and 457b?

Employees of state and local governments and certain non-profit organizations may be required to file for a 457b plan. Basic supplemental filings may depend on individual employer requirements and the specific retirement plan regulations.

How to fill out basic supplemental and 457b?

To fill out basic supplemental and 457b forms, individuals must provide personal identification information, employment details, and specify contribution amounts and allocation preferences as required by the specific plan.

What is the purpose of basic supplemental and 457b?

The purpose of basic supplemental and 457b plans is to provide employees with additional retirement savings options, allowing for greater financial security during retirement through tax-deferred contributions.

What information must be reported on basic supplemental and 457b?

Information typically required includes the employee's name, social security number, salary, contribution amounts, investment choices, and any employer match details specific to the plans.