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How do I fill this out?

To fill out this form, start by providing your participant information at the top. Next, list your primary and contingent beneficiaries, ensuring their total percentages equal 100. Finally, sign and submit the form as instructed below.

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How to fill out the Beneficiary Designation for Prince George's County Plan?

  1. 1

    Provide your account and personal information.

  2. 2

    List primary and contingent beneficiaries with their details.

  3. 3

    Ensure the total percentage for beneficiaries equals 100.

  4. 4

    Review all the provided information for accuracy.

  5. 5

    Sign the form to validate your beneficiary designations.

Who needs the Beneficiary Designation for Prince George's County Plan?

  1. 1

    Individuals participating in Prince George's County's retirement plans need this form to designate beneficiaries.

  2. 2

    Spouses of participants who want to be included in the beneficiary list.

  3. 3

    Trustees of estates needing to clarify beneficiary designations.

  4. 4

    Financial advisors advising clients on retirement planning.

  5. 5

    Divorcees needing to update their beneficiary designations post-divorce.

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Edit this PDF seamlessly on PrintFriendly by uploading the file directly. Use our intuitive editing tools to modify any section of the document. After making the necessary changes, you can download the updated form.

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What are the instructions for submitting this form?

To submit this form, you can upload it electronically through your participant account at empower.com/pgcounty or send it via regular mail to Empower, PO Box 56025, Boston, MA 02205-6025. For expedited service, you can choose to send it via express mail to Empower, 8515 E. Orchard Road, Greenwood Village, CO 80111. Always ensure that your submission method aligns with the guidelines provided in the form to avoid delays.

What are the important dates for this form in 2024 and 2025?

Important dates for submission and updates for the form in 2024 and 2025 will be announced closer to the deadline. Be aware that changes may affect the timeline of beneficiary designations. Always check for updated information to ensure compliance with the plan.

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What is the purpose of this form?

The purpose of this form is to allow participants in the Prince George's County retirement plan to designate beneficiaries for their funds upon their death. Properly completing this designation is critical to ensure that benefits are distributed as per the participant's wishes. This helps to avoid complications and ensures a smoother process for all involved parties.

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Tell me about this form and its components and fields line-by-line.

This form contains various fields for participant information, beneficiary details, and signatures.
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  • 1. Participant Information: Personal and account details of the participant.
  • 2. Beneficiary Designation: Sections for listing primary and contingent beneficiaries.
  • 3. Signatures: Spaces for the participant's and administrator's signatures.
  • 4. Delivery Instructions: Guidelines for submitting the completed form.

What happens if I fail to submit this form?

Failure to submit this form may result in benefits being distributed according to default legal provisions. It is crucial to ensure accurate and timely submission to avoid complications. If the form is incomplete, beneficiaries will not be recognized, which could lead to disputes or delays.

  • Processing Delays: Incorrect or incomplete submissions may delay the processing of your beneficiary designations.
  • Beneficiary Conflicts: Failure to designate clearly may lead to conflicts or legal disputes among potential heirs.
  • Default Distributions: Without this form, benefits may be distributed according to the plan's default rules, potentially against your wishes.

How do I know when to use this form?

Use this form when you need to specify who will receive your retirement benefits upon your passing. It is necessary to update this form after major life events such as marriage, divorce, or the death of a beneficiary. Ensure it is completed whenever your beneficiary situation changes.
fields
  • 1. Change in Marital Status: Update beneficiaries after marriage or divorce.
  • 2. Birth of a Child: Add new beneficiaries when a child is born.
  • 3. Death of a Beneficiary: Replace or adjust designations if a beneficiary passes away.
  • 4. Financial Planning: Review your beneficiaries during financial consultations.
  • 5. Annual Review: It’s good practice to review this form annually to ensure it matches your current wishes.

Frequently Asked Question

How do I download the edited PDF?

After making your edits, simply click the download button to save the PDF to your device.

Can I submit this form electronically?

Yes, you can submit the filled form electronically after downloading it.

What if I forget to add a beneficiary?

If you forget to add a beneficiary, you can edit the form again and include the necessary information.

Is there a limit to the number of beneficiaries I can add?

While you can add multiple beneficiaries, ensure that their total percentage equals 100.

Can I edit the form after I've signed it?

Yes, you can edit the PDF anytime before the final submission.

What format can I download the PDF in?

You can download the edited PDF in standard PDF format.

Do I need to print the form after editing?

Printing is not necessary unless required by your service provider.

How do I know if my form is filled out correctly?

Double-check all information and ensure percentages add up to 100 for accurate processing.

What happens if my form is rejected?

If rejected, you will receive a notice detailing what needs correction before resubmission.

Is there help available if I face issues?

Yes, user support is available to assist you with any questions regarding form completion.

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Beneficiary Designation for Prince George's County Plan

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