Have you elected a beneficiary for your retirement account?

This video highlights the importance of electing and maintaining an up-to-date beneficiary for your retirement plan. It explains how beneficiary designations ensure your savings are transferred efficiently to the right person and why reviewing this information regularly is essential—especially as life circumstances change.

• Naming a beneficiary ensures your retirement assets are transferred directly and promptly to the person you intend, without unnecessary delays or complications.

• Beneficiary designations should be reviewed regularly, particularly after major life events such as marriage, divorce, births, or other significant relationship changes.

• Outdated designations can create unintended outcomes, such as assets going to a former spouse or someone who is no longer appropriate.

• You can update or change your beneficiary anytime by logging into your retirement account or contacting your plan administrator.