Get the free 403(b) Beneficiary Form - dccca

Print Form DESIGNATION OF BENEFICIARY FORM This form is to be maintained by the Employer, not by DailyAccess Corporation. PLAN PARTICIPANT INFORMATION Employer/Plan Name: Participant Name: Social

How to fill out 403b beneficiary form

How to fill out a 403b beneficiary form:

1. Obtain the form: Contact your employer or plan administrator to request a copy of the 403b beneficiary form. They may have a physical or digital version available for you to fill out.
2. Personal Information: Start by providing your personal information, such as your full name, date of birth, and contact details. Ensure accuracy in these details to avoid any confusion later on.
3. Beneficiary Designations: The main purpose of the form is to designate beneficiaries for your 403b account in the event of your death. Enter the full name, date of birth, relationship, and contact information of each beneficiary you wish to name. You can usually name primary beneficiaries (those who will receive the account balance first) as well as contingent beneficiaries (who will receive the balance if the primary beneficiaries pass away before you).
4. Specify Percentage or Allocation: Indicate the percentage or allocation of the account balance that each beneficiary should receive. This step is necessary if you have multiple beneficiaries. Ensure that the total percentage allocated equals 100%.
5. Social Security Numbers: If applicable, enter the Social Security numbers of each beneficiary. This is important for accurate identification purposes.
6. Participant's Signature: Sign and date the form to confirm that the provided information is accurate to the best of your knowledge.

Who needs a 403b beneficiary form?

1. Employees with 403b plans: 403b plans are retirement savings plans for specific types of employees, such as those working in tax-exempt organizations, public schools, and certain non-profit organizations. If you have a 403b plan, you may need to fill out a beneficiary form to ensure that your account balance is properly distributed to your chosen beneficiaries upon your death.
2. Individuals with changing circumstances: As life progresses, circumstances change. If you have undergone major life events such as marriage, divorce, birth of a child, or the passing of a loved one, it is important to review and update your beneficiary designations. Filling out a 403b beneficiary form allows you to ensure that your account balance goes to the intended recipients.
3. Those who want to avoid probate: Designating beneficiaries on your 403b account allows for a smooth transfer of the assets upon your death. By bypassing probate, your beneficiaries can receive the funds more quickly and with less complexity.

Remember to consult with a financial advisor or legal professional regarding any specific questions or concerns you may have when filling out a 403b beneficiary form.

For pdfFiller’s FAQs

What is 403b beneficiary form?

The 403b beneficiary form is a form used to designate who will receive the remaining balance of a 403b retirement account upon the death of the account holder.

Who is required to file 403b beneficiary form?

Anyone who has a 403b retirement account is required to file a beneficiary form to designate a recipient for the account balance in the event of their death.

How to fill out 403b beneficiary form?

To fill out the 403b beneficiary form, you need to provide your personal information, as well as the information of the individual(s) you wish to name as the beneficiary(ies) of your account.

What is the purpose of 403b beneficiary form?

The purpose of the 403b beneficiary form is to ensure that the remaining balance of a 403b retirement account is distributed according to the account holder's wishes after their death.

What information must be reported on 403b beneficiary form?

The 403b beneficiary form typically requires information such as the beneficiary's name, relationship to the account holder, social security number, and contact information.

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