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Deferred Compensation 457, 401(K) & 401(A) Required Minimum Distribution (Rmd) Form is a legal document that was released by the New York City Office of Labor Relations - a government authority operating within New York City.
Q: What is a Deferred Compensation 457 plan?
A: A Deferred Compensation 457 plan is a retirement plan offered by employers to their employees, allowing them to contribute a portion of their salary on a pre-tax basis for retirement savings.
Q: What is a 401(K) plan?
A: A 401(K) plan is a retirement savings plan sponsored by employers, where employees can contribute a portion of their salary on a pre-tax basis to save for retirement.
Q: What is a 401(A) plan?
A: A 401(A) plan is a retirement plan typically offered by government employers or educational institutions, where contributions are made by the employer on behalf of the employee.
Q: What is a Required Minimum Distribution (RMD) form?
A: A Required Minimum Distribution (RMD) form is a document that retirees need to submit to the IRS to report and withdraw the minimum amount required from their retirement accounts each year once they reach a certain age.
Form Details:
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