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165 Enrollment Form NC 401(k) PLAN Instructions Please print using blue or black ink. Please keep a copy for your records and send completed form to the following address or fax it to 1-866-439-8602.

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How to fill out the 866 439 8602 online

The 866 439 8602 form is an essential enrollment document for the NC 401(k) Plan. This guide provides a straightforward, step-by-step approach to completing the form online, ensuring that all necessary information is accurately reported.

Follow the steps to successfully fill out the enrollment form.

  1. Press the ‘Get Form’ button to access the enrollment form online and open it in your document handling platform.
  2. Begin by entering your personal details, including your first name, middle initial, and last name. Ensure this is spelled correctly, as it will be important for record-keeping.
  3. Fill in your Social Security number, which is crucial for identification purposes. Be sure to carefully enter it without errors.
  4. Next, provide your daytime telephone number and email address to allow for communication regarding your enrollment.
  5. Indicate your employer's name and department by printing the full name clearly, avoiding any abbreviations.
  6. Answer the question regarding whether you have recently changed employers and provide the name of your previous employer if applicable.
  7. Complete the date of birth, ensuring that you enter the month, day, and year accurately.
  8. Fill out the contribution information by selecting the amount you wish to contribute from your salary. You can choose either a dollar amount or a percentage; note that Prudential will need this in whole numbers only.
  9. Designate your investment allocation by completing either Part I, II, or III. Be sure to focus on one section only to avoid confusion.
  10. For the beneficiary section, name your primary and secondary beneficiaries and indicate the percentage for each. The total must equal 100%.
  11. Finally, review all of your entries for accuracy before signing the form. Your signature is required, and you must also include the date.
  12. Once the form is completed, you can save changes, download, print, or share the document as needed. Ensure that you keep a copy for your records.

Complete your documents online today to ensure a smooth enrollment process.

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5 After you die, any unused funds will pass to those you name as beneficiaries. If you do not name a beneficiary or the account's beneficiary is deceased, the account will become part of your estate.

If you do not designate a beneficiary, your spouse automatically inherits your 401(k) upon your death. Beneficiaries named in your plan inherit your 401(k), even if you stipulate other people receive it in your will.

When someone passes away, their 401k becomes part of their estate, but the rules that govern how profits and withdrawals from that 401k are taxed generally stay the same. And because a traditional 401k is funded with pretax dollars, the beneficiary has to generally pay the taxes on withdrawals.

You have four options as a surviving non-spouse beneficiary: Transferring to an inherited IRA. ... Take a lump-sum distribution. ... Withdraw funds over a 5 or 10 year period. ... Take the required minimum distributions based on your life expectancy.

When you die, your 401(k) goes to whoever you have designated as a beneficiary or in your Will. Without a beneficiary, your 401(k) will go into your estate and ultimately through probate. Deciding what will happen to your money when you die isn't an enjoyable process.

The 401(k) 10-year rule and how it works If the account owner died in 2020 or later, non-spouse beneficiaries must withdraw all funds by the end of the 10th year of the account owner's passing or be subject to a 50 percent penalty on any remaining account assets.

When a trust is named beneficiary of a retirement plan, it does not mean the assets of the retirement plan are all distributed to the trust when you die. It means that whenever the assets do come out of the plan, they must go into your trust.

If you die without naming a beneficiary for your 401(k) account, the rules for your retirement plan will likely require that funds in the account be considered part of your estate and have to go through probate.

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