Updating Your Beneficiary

A beneficiary is a person or organization that will receive your life insurance payout or 401(k) funds if you die.  You can designate multiple primary and secondary beneficiaries. 
 

  • Primary Beneficiary:  First in line to receive your life insurance payout or 401(k) funds.
  • Secondary Beneficiary:  Next in line to receive your life insurance payout or 401(k) funds. 
 
While no one likes to think about death, it is important to name your beneficiary for several reasons.
 
  1. It ensures your wishes will be followed.  Having a beneficiary on file removes all doubt regarding where you want your life insurance proceeds or 401(k) funds to go.
  2. It saves time, and in some cases money.  If you pass away without a beneficiary on file, it will take time for the life insurance proceeds or 401(k) funds to be allocated.  Without a beneficiary, your funds could be delayed in the legal probate process. 
  3. It will help your loved ones’ financially in your absence.  Oftentimes, your loved ones may rely on this money to cover funeral costs, replace income, etc. 








To update the beneficiary on your Life or Critical Illness Insurance:

Visit our secure benefit enrollment site.
 
To update the beneficiary on your 401(k):

Visit the Empower website.


It is easy to view and update your beneficiaries!

 

 

Steps to Update Your Beneficiary:


Basic Life Insurance, Supplemental Life Insurance, Critical Illness Insurance
  1. Visit our secure benefit enrollment site.  You can also find this link by visiting the Supplemental Life Insurance page at www.roehlbenefits.com. 
  2. Input your log-in information.
    1. Username:  Employee Code
    2. Password:  Last four digits of your social security number the first time you log in.
  3. Select “Edit my profile.”
  4. Click “Beneficiaries.”
  5. On this screen you can remove, add, or change beneficiaries. 
  6. Save your changes. 

401(K)
Online
  1. Log into www.empowermyretirement.com.
  2. Go to “Account – Overview.”
  3. On the left-hand side, click on “Beneficiaries.”
  4. Enter the required information, including your beneficiary’s social security number.
  5. Click "Continue."
  6. Review the beneficiary information listed.  If correct, select "Confirm and Continue."
  7. A confirmation number will then show for the change.
 
Paper Form
You can access a paper form in two ways:
 
  • Request a paper form by calling Empower Retirement at 888-411-4015.
  • Download and print the paper form
    1. Log into www.empowermyretirement.com.
    2. Go to “Account.”
    3. Click on “Statement and Documents.”
    4. At the bottom left select “Plan forms.”
    5. Click “Beneficiary Designation.”
    6. Print the form and complete.
Once complete return to Empower Retirement as indicated on the form.
 

Update your beneficiary today to put control of your life insurance payout and 401(k) funds in your hands.