Your 401(k) beneficiary will receive the cash benefit from your retirement account in the unfortunate event that you pass away. It is important for you to designate a beneficiary and to keep the information up to date.

Remember, the beneficiary you have listed in Workday for your Life Insurance Policy is not the same as your 401(k) beneficiary.

You can add or update the beneficiary for your 401(k) retirement account at any time by going to www.empowermyretirement.com.