401k New Hire Forms are documents used by employers to gather necessary information from newly hired employees who are eligible to participate in a 401k retirement savings plan. These forms typically request details such as the employee's personal information, employment start date, salary, contribution preferences, and beneficiary information. The completion of the form allows the employer to set up the employee's participation in the 401k plan and begin deducting contributions from their paycheck.
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This form is used for new employees to enroll in their employer's 401(k) retirement plan.