Get the free Enrollment Form 457b - Fidelity Investments

Fidelity Investments Enrollment Form 457(b) Deferred Compensation Plan Opening a new account: Please complete this enrollment form, and sign it on the back. Once your account is established, you can

How to fill out enrollment form 457b

How to Fill Out Enrollment Form 457b:

1. Obtain the form: The first step in filling out the enrollment form 457b is to obtain the form itself. This can usually be done by contacting the relevant financial institution or through your employer.
2. Personal Information: Start by filling out your personal information accurately. This includes your full name, social security number, date of birth, and contact information. Make sure to double-check the information for any errors.
3. Contribution Details: Determine the amount you wish to contribute to your 457b plan and indicate it on the form. This can be a percentage of your salary or a specific dollar amount. Choose the contribution frequency, whether it is on a bi-weekly, monthly, or annual basis.
4. Beneficiary Designation: Designate your beneficiaries by providing their full names, social security numbers, and the percentage of the plan's benefits they should receive in the event of your death. It is essential to review and update beneficiaries periodically.
5. Investment Options: The enrollment form may require you to select your investment options. This could involve choosing from a menu of mutual funds, stocks, bonds, or other investment vehicles. Consider your risk tolerance and long-term goals when making these selections.
6. Review and Signature: Carefully review all the information you have filled out on the form to ensure its accuracy. Once satisfied, sign and date the form to acknowledge your agreement with the terms and conditions.

Who Needs Enrollment Form 457b?

1. Employees of nonprofit organizations: Form 457b is primarily intended for employees of nonprofit organizations, such as schools, hospitals, and certain government agencies. It allows them to contribute a portion of their salary towards a retirement plan with potential tax advantages.
2. Public employees: Many state and local government employees are also eligible to participate in a 457b plan. This includes police officers, firefighters, teachers, and other municipal workers. The specific eligibility criteria may vary depending on the employer and the rules and regulations governing the plan.
3. Individuals seeking additional retirement savings: Even if you already contribute to a different retirement plan, such as a 401(k) or an IRA, you may still be eligible to open a 457b plan. This can provide you with an additional avenue to save for retirement, potentially offering more flexibility or higher contribution limits.

Remember, these responses are general guidelines and it's essential to consult the specific instructions or seek professional advice when filling out any enrollment form, including the enrollment form 457b.

For pdfFiller’s FAQs

What is enrollment form 457b?

Enrollment form 457b is a form used by employees of state and local governments to enroll in a deferred compensation plan.

Who is required to file enrollment form 457b?

Employees of state and local governments who wish to participate in a deferred compensation plan are required to file enrollment form 457b.

How to fill out enrollment form 457b?

Enrollment form 457b can usually be filled out online or through a paper form provided by the employer. Employees will need to provide personal information and select their contribution amounts.

What is the purpose of enrollment form 457b?

The purpose of enrollment form 457b is to enroll employees in a deferred compensation plan, allowing them to save for retirement on a tax-deferred basis.

What information must be reported on enrollment form 457b?

Enrollment form 457b typically requires employees to report personal information such as name, address, social security number, and contribution amounts.

How can I send enrollment form 457b to be eSigned by others?

When you're ready to share your enrollment form 457b, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

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