Designating Beneficiaries

Find out how to review and update the beneficiaries of your retirement savings plans and life insurance.

You can designate primary and secondary retirement and life insurance plan beneficiaries online.

Plans that require beneficiaries:

• Tax-Deferred 403(b) Plan
• Tax-Deferred 457(b) Plan
• Defined Contribution Plan
• University of California Retirement Plan (UCRP)
• Life Insurance
• Accidental Death & Dismemberment (AD&D)

To view or designate beneficiaries go to UCRAYS or Fidelity.

Add a beneficiary for UCRP, CAP, Life Insurance & AD&D:

• 1. On the UCRAYS main menu, click “Manage Contacts.”
  2. On the Manage Contacts page, click “Manage Beneficiaries.”
  3. On the Manage Beneficiaries page, click “Add/Edit Beneficiary.”
  4. On the Beneficiary Designation page, click “Add New Beneficiary.”
  5. Enter your new beneficiary’s information. If your new beneficiary is already a existing contact, you can select that person from the Existing Contact dropdown to automatically fill in their information. Click “Add New Beneficiary.”
  6. Repeat the process to add multiple beneficiaries. When you are finished, click “Next.”
  7. On the Beneficiary Designation page, specify whether each beneficiary is primary or secondary. You may enter a percentage share amount or check “Equal Share” to evenly distribute shares among your beneficiaries. When you are finished, click “Next.”
  8. Review and confirm your beneficiary designations. A confirmation will be sent to your email address on file.

Add a beneficiary for all other retirement plans

• Visit the Web site for Fidelity Retirement Services, or call (866) 682-7787.

Review your beneficiaries regularly and update them if you experience a major life event such as marriage, divorce, birth of a child, or a death.