Update Your Beneficiaries Online
Designating a beneficiary for your retirement plan benefits can help you provide financially for your loved ones after you’re gone. Benefits are distributed based on the beneficiary designation on file with Wespath. Active, retired and terminated plan participants can add, update or remove this information online in Benefits Access. Visit benefitsaccess.org and select Take Action > Update Personal Data > Update Beneficiary Designations.
Even if your beneficiary hasn’t changed, it’s possible that his or her contact information has.
Using Benefits Access to update your beneficiaries helps ensure accuracy and saves the plan money, due to lower postage and printing costs.
From the July 2018 issue of Hark!