Naming a beneficiary makes it easier for your loved ones to manage your benefits and savings when you’re gone. If you don’t name a beneficiary, your money will be held in an estate account and might have to go through a probate process to determine who gets it, which will cost time and money. Your loved ones may not get as much money as they would have if you had named a beneficiary. And if your beneficiary information is not up to date, the person you want to receive your money may not receive anything at all.
- Learn more about why it’s important to name a beneficiary and keep your beneficiary information up to date. (EAP Organization WEB ID: AECOM).
- Update your beneficiaries for your Health Savings Account (HSA). Log in, select HSA and then select Beneficiaries.
- Update your beneficiaries for your Life Insurance and Accidental Death & Dismemberment (AD&D) Insurance. Log in and select the Your Beneficiary tile.
- Update your beneficiaries for your Retirement Savings & Investment Plan (RSP) – 401(k) account. Log in, select 401(k)/RSP, Current Elections and then Beneficiary Designations.
- Update your beneficiaries for your Employee Stock Purchase Plan (ESPP) account. Log in, select ESPP and then select Beneficiary.