Changing My Beneficiaries
Last Updated October 20, 2022
Protect your money by designating your beneficiaries for life insurance, the 401(k) Savings Plan, your Health Savings Account (HSA) and any supplemental health care coverage.
Your Life Insurance Beneficiary
You must designate a beneficiary for your basic employee life insurance provided by RRD, as well as any optional life and accident insurance you choose to purchase. You may change your beneficiary designation at any time on the enrollment website.
Your RR Donnelley Savings Plan Beneficiary
It’s important that you name a primary beneficiary when you enroll in the 401(k) Savings Plan. If you die, your beneficiary is entitled to receive the full value of your vested account (as long as such person survives you for at least 48 hours).
If you die and have not named a beneficiary, or if your designated beneficiary dies before you (or within 48 hours of your death) and you have not named a contingent beneficiary, your beneficiary will be:
• Your spouse; or
• If there is no surviving spouse, your estate.
If your beneficiary outlives you but dies before receiving payment from the Plan, the Plan pays the full value of your vested account to your beneficiary’s estate.
If you are married, your spouse automatically is your beneficiary. If you want to name someone other than your spouse as your primary beneficiary for any portion of your account, your spouse must consent in writing in the presence of a notary public or Plan representative.
You may begin the process of changing your beneficiary at any time by going to the Empower website, or by contacting the recordkeeper.
NOTE: If your most recent beneficiary designation was submitted before November 1, 2006, it is no longer effective unless it was submitted to The 401(k) Company. If you are affected by this, you should consider submitting a new beneficiary election by either calling the recordkeeper or by visiting the Plan website. Otherwise, you will be treated as not having a beneficiary election on file and your beneficiary will be determined as described above.
If you designated your spouse as your beneficiary and then divorced your spouse, he or she will remain your beneficiary unless and until you make a new beneficiary election.
Your HSA Beneficiary
To designate a beneficiary for your HSA, go to HealthEquity or call 1-844-281-0928. Return the completed form to HealthEquity at 15 W. Scenic Drive, Suite 100, Draper, UT 84020 or fax it to 1-801-727-1005.
Your Supplemental Health Care Coverage Beneficiary
If you elect supplemental health care coverage through MetLife (hospitalization, accident and/or critical illness insurance), you must name a beneficiary. You may change your beneficiary designation at any time on the enrollment website.