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DEFERRED COMPENSATION BENEFICIARY CHANGE FORM Participant Information (please print) Employer Name Social Security Number State First Name Last Name MI Street Address City State (Area Code) Home Phone
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Deferred compensation beneficiary change refers to updating or modifying the designated recipients of a deferred compensation plan in case of the account holder's death or any other qualifying event.
The account holder or plan participant is usually the one who is required to file a deferred compensation beneficiary change form.
To fill out a deferred compensation beneficiary change form, the account holder typically needs to provide certain personal information, such as their name, address, social security number, and the new beneficiary information.
The purpose of a deferred compensation beneficiary change is to ensure that the account holder's assets are distributed according to their wishes in the event of their death or another qualifying event, and to provide financial security for their designated beneficiaries.
The information that must be reported on a deferred compensation beneficiary change form typically includes the account holder's personal information, the current beneficiaries, and the new beneficiaries, along with their contact details.
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