A best practice is to review on an annual basis whom you have listed as your 401(k) beneficiary. To designate a new beneficiary, simply request a beneficiary form from your 401(k) administrator.

Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset if the account owner dies. Yet ...

Request and complete the beneficiary designation form from the 401(k) plan administrator. This form typically includes a section specifically for spousal consent. The participant's spouse has to ...