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This form is used to designate primary and contingent beneficiaries for a 403(b) retirement account with Fidelity Investments. It includes instructions for completing the form, designating beneficiaries,

How to fill out 403b beneficiary designation

How to fill out 403(b) Beneficiary Designation

1. Obtain the 403(b) Beneficiary Designation form from your plan administrator or their website.
2. Fill in your personal information, including your name, address, and social security number.
3. Identify the primary beneficiaries by providing their names, relationships to you, and their contact information.
4. If you want to designate secondary beneficiaries, complete their information in the designated section.
5. Review the designation to ensure accuracy and completeness.
6. Sign and date the form where required.
7. Submit the completed form to your plan administrator according to their submission guidelines.

Who needs 403(b) Beneficiary Designation?

1. Any employee who participates in a 403(b) retirement plan should complete a Beneficiary Designation.
2. Individuals who want to ensure their retirement savings are distributed according to their wishes after their death.
3. Anyone wishing to specify beneficiaries for their 403(b) account to avoid complications for heirs.

People Also Ask about

Is a spouse automatically the beneficiary of a 403b?

If you remarry, your new spouse will automatically be your beneficiary for at least 50% of your account unless (1) you designate another beneficiary (which could be your former spouse) and your new spouse consents to the designation, or (2) the death benefit has been assigned to your former spouse under a qualified

Does a spouse get a 403b after death?

For example, someone with a 403(b) plan may have named their spouse as the beneficiary. When that account holder passes away, the spouse inherits the 403(b) plan.

Are spouses automatically beneficiaries in Erisa?

A participant's beneficiary in a qualified retirement plan that is subject to the qualified joint and survivor annuity (QJSA) requirements under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (Code) is automatically his surviving spouse, unless the spouse has waived his rights

How do I fill out a beneficiary designation?

Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

What is the beneficiary designation for a 403b?

403(b) Beneficiary Designation Someone with a 403(b) plan can designate anyone as a beneficiary. However, 403(b) beneficiary rules require a married person to designate their spouse to receive at least 50% of the plan's vested balance, unless the spouse has signed a waiver relinquishing their portion of the funds.

What do you write in a beneficiary type?

Write the names of the first beneficiary(ies) you would like to receive your benefit after you die. You may name an individual(s), entity (such as a charity, business, religious organization, funeral home, etc.), trust, or estate. You may name more than one.

Is a spouse an eligible designated beneficiary?

(5) Sole Beneficiary Surviving Spouse: An individual is considered the surviving spouse of the account owner as of the date of the account owner's death. Surviving spouse must be the sole beneficiary to be considered an EDB.

Does your spouse automatically become your beneficiary?

If you're not married you can choose anyone to be your beneficiary. However, if you're married, or are planning to get married, please be aware that by law, your spouse is your default beneficiary, regardless of who you may have been your beneficiary before getting married.

For pdfFiller’s FAQs

What is 403(b) Beneficiary Designation?

The 403(b) Beneficiary Designation is a legal document that specifies who will receive the assets from a 403(b) retirement plan in the event of the account holder's death.

Who is required to file 403(b) Beneficiary Designation?

Individuals who have a 403(b) retirement plan are required to file a Beneficiary Designation to ensure their benefits are distributed according to their wishes upon death.

How to fill out 403(b) Beneficiary Designation?

To fill out a 403(b) Beneficiary Designation, one needs to provide personal details such as the account holder's name, beneficiary names, their relationship to the account holder, and contact information of the beneficiaries.

What is the purpose of 403(b) Beneficiary Designation?

The purpose of the 403(b) Beneficiary Designation is to establish a clear and legally binding directive on who will inherit the retirement account assets, thereby minimizing potential disputes among heirs.

What information must be reported on 403(b) Beneficiary Designation?

The information that must be reported on a 403(b) Beneficiary Designation includes the account holder's name, social security number, beneficiary names, their relationship to the account holder, and percentage of assets each beneficiary will receive.