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This document serves to designate beneficiaries and change the name and address associated with retirement plans (457 and 401(a)) through Hartford Life Insurance Company.

How to fill out beneficiary designation name address

How to fill out Beneficiary Designation/ Name & Address Change457 and 401(a)

1. Obtain the Beneficiary Designation/ Name & Address Change457 and 401(a) form from your plan administrator or website.
2. Fill out your personal information at the top of the form, including your name, address, social security number, and plan number.
3. Indicate any changes to your beneficiaries by providing their names, addresses, and social security numbers.
4. If changing your address, clearly state your old address and your new address in the designated sections.
5. Review the completed form for accuracy and ensure all required signatures are included.
6. Submit the form to your plan administrator via the specified method (mail, fax, or online submission).
7. Keep a copy of the submitted form for your records.

Who needs Beneficiary Designation/ Name & Address Change457 and 401(a)?

1. Individuals participating in a 457 or 401(a) retirement plan who want to designate or update their beneficiaries.
2. Employees who have moved and need to update their contact information associated with their retirement plans.
3. Those who have experienced significant life events such as marriage, divorce, or the birth of a child and need to make beneficiary changes.

People Also Ask about

Why is it a bad idea to name multiple beneficiaries for a retirement account?

It's generally a bad idea to name more than one beneficiary, for two reasons. First, if you name your spouse and someone else as beneficiaries, your spouse loses the special benefits and flexibility they would otherwise have. Second, it complicates things.

How do I name a beneficiary on my 401k?

Generally, all you'll need to get started is a name and birth date for each beneficiary (if naming a person). The more details you provide, such as a Social Security number, the easier the transfer of assets will be for your beneficiaries.

What is a beneficiary name example?

When designating a beneficiary, you can name one person to receive the entire amount or assign percentages to various people. For example, you could name your four children as equal beneficiaries of your life insurance policy, with each receiving 25% of the death benefit.

What is a beneficiary designation?

Beneficiary designations allow you to transfer assets directly to individuals, regardless of the terms of your will. Beneficiary designations are often made when a financial account, retirement account, or life insurance policy is established. But, these designations should be reviewed periodically.

How to 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.

How to add beneficiaries for 401k?

In the event you pass away, you want to ensure your 401(k) assets are inherited by a person or cause you care about. To ensure this happens, it's crucial to add a beneficiary for your 401(k) account. When setting up your Guideline 401(k), you will be asked to designate a beneficiary within the Account Settings page.

What is the best way to designate beneficiaries?

10 tips about beneficiary designations Coordinate with your will and trust. Think twice before naming individual beneficiaries for particular assets. Avoid naming your estate as beneficiary. Use caution when naming a trust as beneficiary. Be aware of tax consequences. Use disclaimers when necessary — but be careful.

Can you name a beneficiary on a 401k?

Key takeaways Beneficiaries named on your 401(k) plan inherit its assets, even if you stipulate in a will that it goes to others, which is why it's important to designate them in your plan. Not designating a beneficiary could cause your estate, which includes the assets in your 401(k), to go through probate.

For pdfFiller’s FAQs

What is Beneficiary Designation/ Name & Address Change457 and 401(a)?

Beneficiary Designation/ Name & Address Change 457 and 401(a) refers to forms used by retirement plan participants to name beneficiaries who will receive benefits in the event of their death, as well as updating their personal information such as name and address.

Who is required to file Beneficiary Designation/ Name & Address Change457 and 401(a)?

All participants in the 457(b) and 401(a) retirement plans are required to file a Beneficiary Designation/ Name & Address Change form to ensure that their desired beneficiaries are properly recorded and that their contact information is up to date.

How to fill out Beneficiary Designation/ Name & Address Change457 and 401(a)?

To fill out the Beneficiary Designation/ Name & Address Change form, participants must provide their personal details, including name, address, social security number or employee identification number, and details of their designated beneficiaries, including their names, addresses, and relationship to the participant.

What is the purpose of Beneficiary Designation/ Name & Address Change457 and 401(a)?

The purpose of the Beneficiary Designation/ Name & Address Change form is to ensure that the retirement benefits are distributed according to the participant's wishes upon their death, and to maintain accurate and current contact information for all parties involved.

What information must be reported on Beneficiary Designation/ Name & Address Change457 and 401(a)?

The information that must be reported on the form includes the participant's full name, social security number, current address, and the full names, addresses, and relationships of all intended beneficiaries, as well as any relevant updates to the participant's address or name.