Assigning Beneficiaries to a Plan

This procedure enables you to assign beneficiaries for an employee's disability, employee life, defined benefit and defined contribution benefits.

Before you can add beneficiaries, you need to enroll the employee into the benefit plan.

To assign beneficiaries

  1. Access Beneficiaries (BN47.1) or click the Beneficiaries button on Employee Benefit Entry (BN31.2).
    Note: To protect beneficiaries' social numbers, carefully consider security access to this form.
  2. Select the Benefit Type you want to assign beneficiaries.
  3. Select the benefit Plan.
  4. Type the beneficiary's name in the Last Name, First Name and MI fields.
  5. Complete the beneficiary information using the following guidelines:
    Type

    Select if the beneficiary is an individual or a trust.

    Primary or Contingent

    Select if the beneficiary is a primary or contingent.

    Percent Amount

    Select if benefits are assigned as a percent of the total benefit or as a flat dollar amount.

    Amount

    Type the percent or dollar amount you want paid to the beneficiary.

    Note: The total percent cannot exceed 100.
  6. Click the Add button.

Related Reports and Inquiries

To Use
List employee beneficiaries for disability, employee life, defined contribution, and defined benefit plans Beneficiary Listing (BN247)