City of West Union 457(B) Employee Retirement Plan
The City of West Union offers an additional retirement savings opportunity for all employees. The City of West Union 457(b) Employee Retirement Plan allows you to:
- Save automatically through your payroll deduction
- Defer current federal and state income tax
- Choose how your contributions are invested, or
- Receive guidance from a professional financial advisor
- Access your funds when you retire, regardless of age.
Along with your pension benefits & social security, the 457 plan may help you achieve financial security in retirement. Participation in the 457 plan does not reduce your other benefits. The plan is intended for retirement, and restricts withdrawals while you are employed.
Withdrawals from the plan are considered taxable income in the year received. The 457 plan is NOT subject to the IRS imposed 10% early withdrawal penalties common in other tax-qualified retirement plans.
To learn how the City of West Union 457(b) Employee Retirement Plan may work for you, please contact your representative and view the resources below. We look forward to meeting with you
Enroll In The Plan - 5 Easy Steps
1 - Tell Us About You
The Profile form below gathers your necessary information to establish your account.
2 - Tell Us About Your Beneficiaries
Designate your beneficiary or beneficiaries using the form below.
3 - Tell Us How Much You Wish To Contribute
You may contribute an ongoing percentage of your compensation, or a specific dollar amount per pay period. With a percentage contribution, your contribution adjusts accordingly if you work more or less in a pay period. Click the button below to tell your employer how much to withhold from your paycheck.
4 - Tell Us How Much Risk You Wish To Take
With the City of West Union 457(B) Employee Retirement plan, you may determine how much risk you wish to take with your investments. Complete the Risk Questionnaire below to help determine how much risk matches is right for you. A Financial Advisor will review the results with you.
5 - A Member Of Team Will Contact You Soon To Finalize Your Enrollment
Thank you for completing the necessary steps above. Financial Advisors at Knox Financial Services will review your information, finalize the necessary enrollment process. A member of our Team will contact you soon!