You Can Now Name Your 401(k) Beneficiaries Online
A new feature has been added to the Company-sponsored 401(k) plans – the
Capital Accumulation Plan and the Pilots Investment Plan. You may now
designate your 401(k) beneficiaries by logging onto
, selecting the Profile link, and then the Beneficiaries
What Do I Need to Do?
Every employee with a 401(k) balance should go online and update their
beneficiary designations. You can name both primary and secondary
beneficiaries. You also can name a family trust, charity, or your estate if
that is your preference.
By updating your beneficiary information, you ensure that the plan
administrator has your current and up-to-date beneficiary information. By
having your designation online, you will have greater visibility of your
named beneficiaries. It also makes it easier to update your designation when
you have life events such as a marriage, divorce, birth or adoption of a
Many employees have not updated their designations since they first enrolled
in the 401(k) plan. The Human Resources department will NOT be transferring
your designation from the paper forms you completed in the past, so it is
important that you enter your information soon.
The online designation applies only to the 401(k) plans. Your beneficiary
designations for your life insurance, AD&D coverage, and Profit Sharing Plan
(if applicable) remain on paper in your personnel file.
If you have any questions, please contact your Human Resources
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September 09, 2015.