Step-by-Step Enrollment for Plan: 457(b)
Step 1 — Review Deferred Compensation Retirement 457(b) Plan Information
Step 2 — Choose the Deferred Compensation Retirement 457(b) Plan contribution amount and investment vendor by completing the Deferred Compensation Retirement 457(b) Plan Salary Reduction Agreement.
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Deferred Compensation Retirement 457(b) Plan Salary Reduction Agreement
Once the account is established, you will be required to complete a new Deferred Compensation Retirement 457(b) Plan Salary Reduction Agreement each year as participation will end on December 31.
Step 3 — Access the website(s) of the Retirement Plan investment vendor(s) that you selected in Step 2 to complete your account application online.
Step 4 — Submission of Forms (includes deadline information)
- Campus Benefits Office must receive your completed Deferred Compensation Retirement 457(b) Plan Salary Reduction Agreement by the last working day of the month in order for that contribution to start the following month. For example, a Deferred Compensation Retirement 457(b) Plan Salary Reduction Agreement that is received by February 28 will be effective March 1. A Deferred Compensation Retirement 457(b) Plan Salary Reduction Agreement that is received on March 1 or later will be effective April 1.
- Mailing Instructions for Deferred Compensation Retirement 457(b) Plan Salary Reduction Agreement.
- Your vendor online account application(s) must be completed by the last working day of the month in order for that contribution to start the following month.
- If both actions above are not completed by the last working day of the month, the request for a Deferred Compensation Retirement 457(b) account payroll deduction will not be processed.
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