Salary Deferral Elections. I hereby apply for Participation in the above-named 403(b) Plan and direct my employer to withhold through payroll reduction the following amounts from each pay. I understand this election will be applied to future contributions only and will remain in effect until I direct new elections through the Plan’s Internet or Voice Response System. NOTE: I understand that if I am 50 years of age or will reach the age of 50 during this calendar year any contribution deferrals in excess of the traditional salary will be applied to the Age 50 Catch-up option.
Salary Deferral Elections. I wish to make Employee Contributions to the following (indicate the plan, vendor, and either a dollar amount OR percentage: 403B Amount Per Pay: 457B Amount Per Pay: TIAA-CREF: $ OR % TIAA-CREF: $ OR % Fidelity: OR % Fidelity: $ OR % Comments:
Salary Deferral Elections. 1. For any Plan Year, a Participant's Salary Deferral Election shall be the specified dollar amount or percentage of Compensation amount specified in the Participant's Salary 100 Deferral Agreement. The amount each Participant may elect to contribute to the Plan pursuant to a Salary Deferral Election shall be limited to the lesser of (a) 100% of his Compensation or (b) the dollar limit in effect for the Plan Year pursuant to Section 402(g) of the Code.
Salary Deferral Elections. Indicate plan election(s) and either a dollar amount or a percentage contribution per pay period. TIAA Check the applicable box(es) Indicate the dollar amount or percentage per pay period 403(b) ☐ Pre-tax $ OR % ☐ Post-tax (Xxxx) 457(b) ☐ Pre-tax $ OR % ☐ Post-tax (Xxxx) This election will be effective as soon as administratively possible. Please note special effective date instructions for delayed payroll deduction: Important notice if first time election at WMU: You need to open an account at TIAA (xxxx.xxx/xxxxx). By signing this agreement, you are confirming that you have completed the online enrollment process.
Salary Deferral Elections. Indicate plan election(s) and either a dollar amount or a percentage contribution per pay period. TIAA Check the applicable box(es) Indicate the dollar amount or percentage per pay period 403(b) ☐ Pre-tax $ Dollar Amount OR Percent % ☐ Post-tax (Xxxx) Dollar Amount Percent 457(b) ☐ Pre-tax $ Dollar Amount OR Percent % ☐ Post-tax (Xxxx) Dollar Amount Percent This election will be effective as soon as administratively possible. Please note special effective date instructions for delayed payroll deduction: Click here to enter special instructions or comments. Important notice if first time election at WMU: You need to open an account at TIAA (xxxx.xxx/xxxxx). By signing this agreement, you are confirming that you have completed the online enrollment process. Note: This agreement supersedes all prior voluntary salary reduction agreements. The total salary reduction amount cannot exceed 75% of compensation, subject to prior payroll deductions. Individual contributions are subject to the IRS 402(g) limit and to aggregate contributions by the employee and employer(s), the 415 limit. If the limit is reached during the calendar year, contributions will automatically cease and completion of a new salary reduction agreement is required in order to resume contributions. Employees are encouraged to consult with a tax advisor to ensure that contributions are within allowable limits. The University will monitor contributions from University funds for compliance with legal maximums and may lower or cancel contributions to keep them within allowable limits. The University cannot monitor contributions through other employers and has no responsibility for the consequences of those contributions. I understand that this agreement affects contributions from my paychecks on dates after it is received by Western Michigan University and that contributions will not be retroactive. I understand that my salary reduction will begin with the first pay period following receipt of this agreement by WMU, unless I specify a later date. For new hires, the salary reduction will begin with a full pay period. I also understand that this agreement will remain in effect until I complete a new agreement or until I reach the plan limit on contributions. I further understand that this agreement is legally binding while my employment continues but that either party may terminate or otherwise modify it at any time. I understand that I am solely responsible for the gains and losses resulting from my i...
