- 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) 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.