Beneficiary Designation

Choosing a beneficiary will ensure your loved ones are taken care of when you are gone. Unfortunately, we know first-hand the challenges loved ones are facing when a beneficiary is not designated. Unexpected deaths do happen, so it is important to have these elections in place to ensure the person you wish to receive the benefit does. To help with the process of designating a beneficiary, you will find all the information you need from this page to guide you within each vendor website.

Helpful Reminders:

• You can elect a Primary and/or Contingent beneficiary(ies) for each benefit:
• A primary beneficiary is the person (or persons) first in line to receive the benefit.
• A contingent beneficiary, or secondary beneficiary, serves as a backup to the primary beneficiary(ies) named on the benefit. When you pass away, if your primary beneficiary(ies) have also passed away, your contingent beneficiary(ies) will receive the benefit.
• You can elect more than one primary and/or contingent beneficiary for a benefit. The allocation total must equal 100%.
  

What benefits do I need to designate a beneficiary for?

Life and Accidental Death & Dismemberment (AD&D) Insurance

Every regular full-time employee (working 36 or more hours/week) and part-time employee (working 20-35 hours/week) has a company paid life and AD&D insurance benefit. To review and/or designate a beneficiary for both benefits, login to the Graham Benefits Portal (enrollment site). Step by step instructions for designating a beneficiary for your Life and Accidental Death & Dismemberment benefits are available here.

Retirement Savings Plan 401(k)

Every employee is eligible for this plan. For more details on the Retirement Savings Plan, please refer to your Benefits Guide found under Benefit Details, or navigate to the Retirement Savings Plan page from the left side menu. To review and/or designate a beneficiary for your Retirement Savings Plan, login to Principal.com. Step by step instructions for designating a beneficiary for your Retirement Savings Plan are available here.

Prefer a paper form? You may click here for a printable form. Forms MUST BE returned to the address on the form, please DO NOT return them to Human Resources. Beneficiary designations are not valid unless mailed to the vendor. 

Health Savings Account (HSA)

If you are enrolled in the PPO+HSA Graham medical plan, you have a Health Savings Account with HSA Bank. Every year you are enrolled in the PPO+HSA Graham medical plan, the company contributes a certain dollar amount to your account. You also have the opportunity to contribute to this account if you wish to do so. This account belongs to you even if you leave Graham. To review and/or designate a beneficiary for your HSA, login to HSABank.com. Step by step instructions for designating a beneficiary for your HSA are available here.

Prefer a paper form? You may click here for a printable form. Forms MUST BE returned to the address on the form, please DO NOT return them to Human Resources. Beneficiary designations are not valid unless mailed to the vendor.