Get the free 401(k) Beneficiary Designation Form - Children's of Alabama

Fidelity Investments The Children's of Alabama 401(k) Plan Beneficiary Designation 1. GENERAL INSTRUCTIONS Please complete this form and sign it on the back. In the future, you may revoke the Ry by

How to fill out 401k beneficiary designation form

How to fill out a 401k beneficiary designation form:

1. Obtain the form: The first step is to obtain a copy of the 401k beneficiary designation form from your employer or retirement plan administrator. This form is typically available online or can be requested from your HR department.
2. Provide personal information: Start by filling in your personal details on the form. This may include your full name, address, date of birth, and social security number. Make sure to double-check the accuracy of the information before moving on to the next step.
3. Designate primary beneficiary/beneficiaries: Indicate who will be the primary beneficiary/beneficiaries of your 401k account. Typically, you'll need to provide the full name, relationship to you (e.g., spouse, child, etc.), and their Social Security number. If you have more than one primary beneficiary, specify the percentage or fraction of the account that each individual will receive.
4. Specify contingent beneficiary/beneficiaries: Next, you may want to designate a contingent beneficiary/beneficiaries. These are individuals who will receive the 401k funds if the primary beneficiary/beneficiaries are unable to receive them. Follow a similar process as in step 3 to provide the necessary information for each contingent beneficiary.
5. Consider special provisions: If you have any specific instructions or requests regarding the distribution of your 401k assets, you may have the option to include them on the form. This could involve specifying how the funds should be divided among beneficiaries or providing guidance on any unique circumstances. Note that some plans may have limitations on the types of provisions allowed, so it's important to review the instructions or consult with a financial advisor if needed.
6. Date and sign the form: Once you have completed all the necessary sections of the form, carefully review the information for accuracy. Date the form and sign it, certifying that the information provided is true and correct to the best of your knowledge. Some forms may require a witness or a notary public to validate the signature.

Who needs a 401k beneficiary designation form?

1. Employees with a 401k plan: Anyone who participates in a 401k retirement plan administered by their employer will likely need to complete a beneficiary designation form. This form allows individuals to specify who will receive their retirement account assets in the event of their death.
2. Those who want control over asset distribution: By completing a beneficiary designation form, individuals can ensure that their 401k assets are distributed according to their wishes. Without a designated beneficiary, the distribution of funds may be subject to state laws or default plan provisions.
3. Individuals with changing life circumstances: It's important to review and update beneficiary designations periodically, especially during major life events such as marriage, divorce, the birth of a child, or the death of a beneficiary. Keeping beneficiary designations up to date ensures that the intended individuals receive the assets as desired.

For pdfFiller’s FAQs

What is 401k beneficiary designation form?

The 401k beneficiary designation form is a legal document that allows account holders to specify who will receive their retirement savings in the event of their death.

Who is required to file 401k beneficiary designation form?

All individuals who have a 401k retirement account are required to file a beneficiary designation form.

How to fill out 401k beneficiary designation form?

To fill out a 401k beneficiary designation form, you must provide the name, relationship, and percentage of the account balance that each beneficiary will receive.

What is the purpose of 401k beneficiary designation form?

The purpose of the 401k beneficiary designation form is to ensure that your retirement savings are distributed according to your wishes after your passing.

What information must be reported on 401k beneficiary designation form?

The 401k beneficiary designation form must include the full name, address, date of birth, and Social Security number of each beneficiary.

How can I send 401k beneficiary designation form for eSignature?

When you're ready to share your 401k beneficiary designation form, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

How do I edit 401k beneficiary designation form online?

The editing procedure is simple with pdfFiller. Open your 401k beneficiary designation form in the editor. You may also add photos, draw arrows and lines, insert sticky notes and text boxes, and more.

How do I fill out 401k beneficiary designation form on an Android device?

Complete 401k beneficiary designation form and other documents on your Android device with the pdfFiller app. The software allows you to modify information, eSign, annotate, and share files. You may view your papers from anywhere with an internet connection.