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457(b) Beneficiary Designation Community Unit School District #200 130 West Park Avenue Wheaton, IL 60189Part 1 Employee Informational 4 Employee SignatureName (Participants Signature)CUSP #200 Employee
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How to fill out 457b beneficiary designation form
How to fill out 457b beneficiary designation form
01
Obtain a copy of the 457b beneficiary designation form from your employer or plan administrator.
02
Read the instructions on the form carefully to understand the requirements and guidelines for filling it out.
03
Provide your personal information, such as your full name, address, and Social Security number, in the designated fields.
04
Indicate whether you are designating a primary beneficiary or a contingent beneficiary.
05
Fill in the details of the beneficiary, including their full name, relationship to you, and their contact information.
06
Specify the percentage or portion of your account balance that each beneficiary should receive.
07
Sign and date the form, and ensure that any required witnesses also sign if necessary.
08
Review the completed form to ensure accuracy and completeness.
09
Submit the form to your employer or plan administrator as instructed, following any additional submission requirements.
10
Keep a copy of the completed form for your records and consider informing your beneficiaries about their designation.
Who needs 457b beneficiary designation form?
01
Any individual who has a 457b retirement plan and wishes to designate beneficiaries for the plan needs the 457b beneficiary designation form.
02
This form ensures that upon the individual's death, the designated beneficiaries receive the assets from the 457b plan according to their specified shares.
03
It is important for individuals to regularly review and update their beneficiary designations to ensure their intent is accurately reflected.
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What is 457b beneficiary designation form?
The 457b beneficiary designation form is a document that allows participants in a 457b retirement plan to designate who will receive the assets in the account upon their death.
Who is required to file 457b beneficiary designation form?
Participants in a 457b retirement plan are required to file a beneficiary designation form to ensure that their assets are distributed according to their wishes.
How to fill out 457b beneficiary designation form?
To fill out a 457b beneficiary designation form, participants must provide the name, relationship, and percentage of assets each beneficiary should receive.
What is the purpose of 457b beneficiary designation form?
The purpose of the 457b beneficiary designation form is to specify who will receive the assets in a participant's account upon their death.
What information must be reported on 457b beneficiary designation form?
The 457b beneficiary designation form must include the name, relationship, and percentage of assets each beneficiary should receive.
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