Beneficiaries can only be added to Empower Personal Cash accounts using the full web-browser for your Empower Personal Dashboard. This functionality is not yet available on the Empower Personal mobile app.
Hold on! Is your Cash account open under the Empower 401K Dashboard experience? If so, click this LINK. Otherwise...
To add a beneficiary to your Empower Personal Cash account, take the following steps:
- Hover over your Cash account (left-hand side) with your mouse/cursor
- Click the pencil icon that appears next to your Empower Personal Cash account
- In the Edit window, click the Edit button next to "Beneficiaries"
- Select your beneficiary from your existing household member list, or, add a new entry by selecting 'Add New'
Trusts: Want to add a Trust as a beneficiary? Click this LINK to learn how!
Note: Empower Personal Cash accounts only support Primary beneficiaries at this time. For each (primary) beneficiary, set a percentage of your Cash account. You can have any number of (primary) beneficiaries, as long as the total percent split among each totals 100%.
- If you have multiple Empower Personal Cash accounts, you will need to designate beneficiaries for each account separately.
- Beneficiaries can be removed by clicking the "x" (next to the beneficiary's name) on the edit screen.
Please note that this process is only for Empower Personal Cash accounts. For Personal Strategy clients, please contact your advisor to make changes to your investment beneficiaries.