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This document facilitates the enrollment in a 403(b) custodial account and includes sections for selecting investment options and designating beneficiaries.

How to fill out 403b group custodial enrollment

How to fill out 403(b) Group Custodial Enrollment Form and Beneficiary Designation

1. Obtain the 403(b) Group Custodial Enrollment Form from your employer or the plan provider.
2. Fill out personal information such as your name, address, Social Security number, and date of birth in the designated fields.
3. Indicate your employment status and the name of your employer.
4. Select your contribution amount and specify if you want to make pre-tax or after-tax contributions.
5. Review investment options provided in the form and select your preferred investment allocation.
6. Complete the Beneficiary Designation section by providing the name(s) of your beneficiary or beneficiaries.
7. Sign and date the form to certify the information is accurate and complete.
8. Submit the completed form to your employer or the appropriate plan administrator.

Who needs 403(b) Group Custodial Enrollment Form and Beneficiary Designation?

1. Employees of eligible organizations such as non-profits, schools, and hospitals who wish to save for retirement.
2. Individuals looking to contribute to a tax-advantaged retirement plan.
3. Anyone wanting to designate beneficiaries for their retirement plan.

People Also Ask about

Who is the beneficiary of a 403b?

403(b) Inheritance Rules An “eligible designated beneficiary” is the account owner's spouse, the account owner's minor child under age 18, someone who is disabled or chronically ill, or a person who is younger than the original account holder by 10 years or less.

What happens to 403b after leaving?

Options for handling a 403(b) upon job departure Roll over to another qualified retirement plan: You can roll the money in your 403(b) plan over into the retirement plan at your new employer, or you can choose to roll it into an IRA. Cash out the 403(b) account: You can choose to take a distribution from your 403(b).

How to open a 403b account with Fidelity?

For certain retirement savings plans, such as a Fidelity Retirement Plan (Self-Employed 401(k)/Keogh Account), federal law dictates that if you are married, your spouse must consent if you wish to designate someone other than your spouse as the primary beneficiary.

Who do I put for beneficiary designation?

A lot of people name a close relative — like a spouse, brother or sister, or child — as a beneficiary. You can also choose a more distant relative or a friend. If you want to designate a friend as your beneficiary, be sure to check with your insurance company or directly with your state.

For pdfFiller’s FAQs

What is 403(b) Group Custodial Enrollment Form and Beneficiary Designation?

The 403(b) Group Custodial Enrollment Form is a document that allows employees of eligible organizations to enroll in a 403(b) retirement plan, which is a tax-advantaged retirement savings account. The Beneficiary Designation section allows the account holder to specify who will inherit the funds in the event of their death.

Who is required to file 403(b) Group Custodial Enrollment Form and Beneficiary Designation?

Any employee of an eligible organization who wishes to participate in a 403(b) retirement plan is required to file the 403(b) Group Custodial Enrollment Form and Beneficiary Designation.

How to fill out 403(b) Group Custodial Enrollment Form and Beneficiary Designation?

To fill out the 403(b) Group Custodial Enrollment Form, an individual should provide personal information such as name, address, Social Security number, and details about their employment. For the Beneficiary Designation, individuals must specify the primary and contingent beneficiaries' names, relationships, and possibly their Social Security numbers.

What is the purpose of 403(b) Group Custodial Enrollment Form and Beneficiary Designation?

The purpose of the 403(b) Group Custodial Enrollment Form is to facilitate the enrollment of eligible employees into the retirement savings plan. The Beneficiary Designation ensures that the account holder can dictate who receives their retirement assets upon their death, preventing confusion and potential disputes.

What information must be reported on 403(b) Group Custodial Enrollment Form and Beneficiary Designation?

The 403(b) Group Custodial Enrollment Form must report personal information of the participant, such as name, address, Social Security number, and employment details. The Beneficiary Designation requires information about the beneficiaries, including their names, relationships to the participant, and possibly their Social Security numbers.