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A Beneficiary Designation 401(a) Plan 98214-05 State of Alaska Teachers? Retirement System Tier III Defined Contribution Plan B Participant Information Use black or blue ink when completing this form.
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What is beneficiary designation 401a plan?
A beneficiary designation 401a plan is a retirement plan in which an individual designates who will receive the plan's assets upon their death.
Who is required to file beneficiary designation 401a plan?
Employees who participate in a 401a plan are required to fill out a beneficiary designation form to specify their desired beneficiaries.
How to fill out beneficiary designation 401a plan?
To fill out a beneficiary designation 401a plan, you need to obtain the form from your plan administrator, provide the required information such as the beneficiary's name, relationship, and contact details, and submit the completed form to your plan administrator.
What is the purpose of beneficiary designation 401a plan?
The purpose of a beneficiary designation 401a plan is to ensure that the assets in the plan are distributed according to the account holder's wishes after their death, providing financial security to their designated beneficiaries.
What information must be reported on beneficiary designation 401a plan?
A beneficiary designation 401a plan typically requires the reporting of the beneficiary's full name, relationship to the account holder, date of birth, and contact information.
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