457 DEFERRED COMPENSATION PLANS
CONTRIBUTION FORM
1
PARTICIPANT INFORMATION
2
CONTRIBUTION AMOUNT & EFFECTIVE DATE
3
SIGNATURES
Participant Signature
Date:
/ /
Employer Signature
Date:
/ /
ICMA-RC • Attn: Workow Management Team • P.O. Box 96220 • Washington, DC 20090-6220 • Toll Free 800-669-7400 • www.icmarc.org • Fax 202-682-6439
FRM570-201311-360
REV 11/2016
Contribution Amount (per pay period)
I authorize my employer to contribute the amount specied below from my pay each pay period, to be contributed to my 457 deferred compensation plan account with ICMA-RC. (Specify a
percentage or dollar amount for pre-tax and/or Roth contributions.)
p Pre-Tax Contributions: p Percentage: __ __ __ % or p Dollar Amount: $__ __ __ __ __ (per pay period)
p Roth Contributions: p Percentage: __ __ __ % or p Dollar Amount: $__ __ __ __ __ (per pay period)
Roth contributions are not available in all plans. Please check with your employer or ICMA-RC to conrm that Roth contributions are offered in your plan
before selecting this option.
Normal Contribution Limit (2017): 100% of compensation or $18,000, whichever is less.
Catch-up Contributions: If you are taking advantage of either of the catch-up contribution provisions available to 457 plan participants, please check the applicable box below.
p Age 50 catch-up contributions (up to $6,000 more than the normal limit. $24,000 maximum.)
p Special pre-retirement catch-up (up to $18,000 more than the normal limit. $36,000 maximum.)
Please read ICMA-RC’s Pre-Retirement Catch-Up Form for more information.
Effective Date
All contribution changes will be effective as of the rst pay period of the calendar month following the date you submit this form to your employer, or as soon as administratively possible
thereafter, unless a later date is specied below.
Future Effective Date (cannot be earlier than the beginning of the following month): / /
1. Use this form to initiate contributions to your 457 deferred compensation plan or change the amount of your after-tax contributions.
Note: You should only use this form if you have previously established an account in your employers plan.
2. Return the completed form to your employer.
Year Maximum Contribution Age-50 Catch-Up Pre-Retirement Catch-Up
2017
18,000
(Approximately $692 every two weeks)
* If you are paid semi-monthly (24 pay periods per
year), contribute $750 per pay period.
$6,000
($24,000 total)
$18,000
($36,000 total)
Identication (Please provide your Social Security Number or Employee ID)
Social Security Number:
OR Employee ID: _____________________________________
Employer Plan Number:
Employer Plan Name: __________________________________________________________
Full Name of Participant: _____________________________________________________________________________________________
301065
TOWN OF LOS GATOS
XXXX