Get 403(b)(7) Custodial Account Application - Uminfopoint Umsystem

This guide provides a comprehensive overview of how to complete the 403(b)(7) Custodial Account Application for Uminfopoint Umsystem online. Follow these instructions to ensure that all required fields are accurately filled out to facilitate your account application.

Follow the steps to complete the application efficiently.

1. Press the ‘Get Form’ button to access the Custodial Account Application form online and open it in your preferred editor.
2. Begin with the 'Important Information about Opening an Account' section. Read this carefully to understand the identity verification requirement as mandated by the USA PATRIOT Act. This step emphasizes the need for your personal information such as name, address, date of birth, and Social Security number.
3. Fill in the Employer Information section, which includes the current employer's name, plan name/number, address, city, state, ZIP, and phone number. Note that this information is essential for confirming employer participation in the 403(b) plan.
4. Complete the Participant Information section by providing your full name, Social Security number, birth date, citizenship status, phone number, residential address, and mailing address if it differs from your residential address.
5. In the Funding Method section, indicate if you are contributing through salary reduction or transferring from another 403(b) arrangement. If rolling over, provide details of the fund(s) and percentage of rollover.
6. If applicable, complete the Salary Reduction Agreement section. Enter the desired percentage or dollar amount you wish to defer into your 403(b) account, ensuring compliance with contribution limits.
7. Designate beneficiaries in the Beneficiary Designation section. List primary and secondary beneficiaries and their respective percentages of the account balance. Make sure that totals for each category equal 100%. Include spousal consent if required.
8. Fill out the Investment Decisions section by detailing how future contributions should be allocated among T. Rowe Price mutual funds, ensuring that the total equals 100%.
9. Complete the Account Access Services section, selecting whether you wish to have the option to exchange balances via phone or online.
10. Sign and date the Participant’s Signature section to confirm your understanding of the terms set forth in the application and agree to abide by them.
11. If required, obtain the Plan Administrator’s signature in the specified section to validate requested changes. Make sure any changes made adhere to ERISA guidelines if applicable.
12. Once all fields are complete, save your changes, and download the form to print or share it as needed. Ensure one copy is returned to T. Rowe Price and another is kept for your records.

Begin your online application process today and efficiently complete your 403(b)(7) Custodial Account Application.