The Nuts and Bolts of a 401(k) plan
Selecting a Beneficiary
When you enroll in a 401(k) plan, you'll need to identify a beneficiary in the event of your death. Here is a list of beneficiaries you might choose in the event of your death:
IMPORTANT NOTE: To name a beneficiary other than your spouse, you and your spouse will have to complete a beneficiary designation form. Your spouse's signature consenting to this must be notarized.
IMPORTANT NOTE: If your spouse is not a U.S. citizen, certain restrictions may apply.
IMPORTANT NOTE: It is recommended that you review your beneficiary selections periodically. Revisit your beneficiary selection when there is a change in your family status.
Investments and Insurance products:
|NOT FDIC INSURED||NOT BANK GUARANTEED||MAY LOSE VALUE|
|NOT A BANK DEPOSIT||NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY|
Securities and advisory services are offered through Santander Investment Services, a division of Santander Securities LLC. Santander Securities LLC is a registered broker/dealer, Member FINRA and SIPC and a registered investment advisor. Insurance is offered through Santander Securities LLC or its affiliates.