Selecting your beneficiaries is important because it ensures your benefits are distributed according to your wishes. So why wait? You can add or update your beneficiaries at any time.
What is a beneficiary?
A beneficiary is the person (or people) you want to receive your benefits when you pass away.
Which benefits should I have a beneficiary for?
The benefits you should make sure you have a beneficiary(ies) for are
- PROFIT Plan, an Employee Stock Ownership Plan (ESOP)
- 401(k) SMART Plan and
- Group Life Insurance Plan.
How do I add or update my beneficiary(ies)?
For retirement — PROFIT Plan and 401(k) SMART Plan:
- Log in to PASSport.
- Fill out the PROFIT Plan Beneficiary Designation Form and/or 401(k) SMART Plan Beneficiary Designation Form.
- Follow the instructions on the form to complete it and send to the appropriate department.
- If you want to view or update your beneficiary(ies) in the future, visit the PROFIT Plan or 401(k) SMART Plan page on PASSport under the Financial tab, then select Retirement & Stock.
For your Group Life Insurance Plan:
- Log in to PASSport.
- Fill out the Group Life Insurance Beneficiary Designation Form.
- Follow the instructions on the form to complete it and send to the appropriate department.
- If you want to view or update your beneficiary(ies) in the future, visit the Group Life Insurance page on PASSport under the Financial tab, then select Life Insurance.
