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How will benefits be paid to Alternate Payees and beneficiaries, and may I change my beneficiary designation?

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How will benefits be paid to Alternate Payees and beneficiaries, and may I change my beneficiary designation?

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Within the rules specified for their participation, Alternate Payees and beneficiaries have the right to direct the investment of the funds held under their social security number. They cannot contribute additional funds to this Account. Alternate Payees must comply with certain rules with regard to beginning withdrawals and when those withdrawals are complete (see question 22, paragraph 2). For more information, please see the documentation the Plan Record Keeper sent to the Alternate Payee relating to his or her status as an Alternate Payee or Beneficiary. To the extent funds in your account are not subject to a Domestic Relations Order mandating the payment of benefits from your Account, you may change the Beneficiary of your Account by requesting and submitting an Employee Change Form or a Designation of Beneficiary Form. See the answer to Question 38 for a list of forms and where they may be obtained.

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