Spousal Consent Form 401K - The total percentage of all primary beneficiaries must equal 100% and the total percentage of all contingent. Here is a summary of these rules and the way many 401(k) plans avoid spousal consents. Spousal consent is required if a married participant designates a nonspouse primary beneficiary and may be necessary if a 401(k) plan offers one or more annuity forms of distribution. However, it is important to review the plan documents to make sure this is what your plan says. Beneficiary percentages must be in whole numbers only. Based on federal law, if you are married and you name a primary beneficiary other than your spouse, your spouse must consent in writing in step 4 of this form.
Based on federal law, if you are married and you name a primary beneficiary other than your spouse, your spouse must consent in writing in step 4 of this form. Spousal consent is required if a married participant designates a nonspouse primary beneficiary and may be necessary if a 401(k) plan offers one or more annuity forms of distribution. The total percentage of all primary beneficiaries must equal 100% and the total percentage of all contingent. Beneficiary percentages must be in whole numbers only. However, it is important to review the plan documents to make sure this is what your plan says. Here is a summary of these rules and the way many 401(k) plans avoid spousal consents.