HR and Benefits
Have you named beneficiaries in your Methodist retirement savings account? Now's the time
Published: Feb. 29, 2024A key part of managing your retirement accounts is naming beneficiaries and keeping that information current. Yet, more than half of active Fidelity plan participants haven't identified beneficiaries on their retirement accounts.
A beneficiary is an individual who receives the benefit from an estate, trust, retirement account, life insurance policy, or account with a transfer on death designation.
When you update your beneficiaries in your Methodist retirement savings plan, you can feel confident your loved ones will receive the assets you want them to have. Watch this short video from Fidelity to learn what you need to get started and how certain life events might affect your beneficiary choices.
To name or update your beneficiaries, log in to your Fidelity account here. If you have questions, call Fidelity at (800) 343-0860.