Beneficiary Designation Form - Nc 457 Plan - North Carolina

Beneficiary Designation Form - Nc 457 Plan is a legal document that was released by the North Carolina Department of State Treasurer - a government authority operating within North Carolina.

FAQ

Q: What is a Beneficiary Designation Form?A: A Beneficiary Designation Form is a document that allows you to specify who will receive your assets or benefits from a specific plan or account after your death.

Q: What is the NC 457 Plan?A: The NC 457 Plan is a retirement savings plan available to employees of the state of North Carolina and participating local governments.

Q: Why is it important to fill out a Beneficiary Designation Form?A: Filling out a Beneficiary Designation Form ensures that your assets or benefits from the NC 457 Plan are distributed according to your wishes after your death.

Q: Who can I name as a beneficiary on the NC 457 Plan?A: You can name anyone as a beneficiary on the NC 457 Plan, including individuals, trusts, or organizations.

Q: Can I change my beneficiary designation?A: Yes, you can change your beneficiary designation at any time by completing a new Beneficiary Designation Form for the NC 457 Plan.

Q: Are beneficiary designation forms for the NC 457 Plan legally binding?A: Yes, beneficiary designation forms for the NC 457 Plan are legally binding as long as they are properly completed and submitted to the plan administrator.