When you enrolled in your retirement plan, you may have identified beneficiaries — namely, a primary and even a contingent beneficiary — for the assets in your account. But have you reviewed those designations since then? If not, here’s why it’s a good idea to do so now.
Depending on your account, you may be able to review and/or update your beneficiary information online. Log in to your account to see if this feature is available for your plan.
If you can’t view your beneficiary information online, contact your employer’s benefits or human resources department. They will have a copy of the form you completed when you enrolled in your plan.