401(k) Beneficiary Change/Update
Has your situation changed? If you’ve gotten married or divorced or had a child, your beneficiary information could be out of date. It is very important to keep this information current. If your beneficiary information is incomplete or incorrect, people you care about could have difficulty claiming assets that you wanted them to have.
More Control In Dividing Your Assets
When determining the percentage to designate for each of your beneficiaries, you can allocate percentages out to two decimal places. This is helpful if you have an odd number of beneficiaries whom you wish to benefit equally. For example, you can divide your assets among three beneficiaries as follows: 33.33%, 33.33%, and 33.34%.
Need A Form?
For a copy of the Beneficiary Designation form, go to www.vanguard.com:
- Select "Go to the Personal Investors site."
- Click on the “Plan Summary” tab.
- On the “Plan Summary” page, click on “Forms” which is located in the top tool bar. (If you are in more than one Union Pacific plan, you will need to select a plan name from the drop down menu to access the Plan Summary page.)
- Click on "Plan-specific forms."
- Click on "Beneficiary Designation."
You also can call Vanguard Participant Services at 1-800-523-1188, Monday through Friday, 8:30 a.m. to 9 a.m. ET, to request a form.