There are two forms that are essential to enrolling in your NADART Retirement Plan. The Payroll Deduction Authorization Form and the Beneficiary Designation Form must be completed and returned to your employer before you can begin contributing to your NADART Plan.

• Payroll Deduction Authorization Form

  Once you have met the eligibility requirements of your plan, you are required to complete a Payroll Deduction Authorization Form. You will use this form to indicate the percentage of your compensation or dollar amount you wish to have your employer deduct from your paycheck. If you do not choose to participate, you should indicate zero withholding and sign the form. Each time you wish to change your contribution amount, or if you have chosen not to contribute and later decide that you would like to, you must complete a new Payroll Deduction Authorization Form. In addition, if your employer offers loans you will need to fill one out in order to authorize the withholding of your loan repayment amount. Below, choose the appropriate Payroll Deduction Authorization Form based on your plan type:

  • Classic Pension or Profit Sharing Plans use the PDA1 Form (PDF)
  • Classic 401(k) Plans use the PDA2 Form (PDF)
  • Investment Choice 401(k) Plans use the IC-PDA Form (PDF)
  • Investment Choice 401(k) Plans with the Roth Contribution feature use the IC-RothPDA Form (PDF)

• Beneficiary Designation Form

  Selecting a beneficiary allows you to choose a person(s) to receive the value of your account in the event of your death. Please think carefully about whom you wish to choose as a beneficiary. As situations change (i.e. marriage, divorce, death of a spouse, etc.), you may wish to change your beneficiary.
  
  To choose or change your beneficiary designation you will need to fill out the Beneficiary Designation Form (N-30) (PDF) and return it to your employer. More than one beneficiary can be assigned, with a total of designated percentages equaling 100%. A contingent beneficiary(s) can be designated to receive your account balance if the primary beneficiary(s) is no longer living.
  
  If you do not select one, the NADART Master Plan Document designates the beneficiaries in the following order.
  
  (1) spouse
  (2) children
  (3) other descendants
  (4) parent
  (5) other ancestors
  (6) brothers and sisters
  (7) nephews and nieces
  (8) estate
  
  In addition, if you are married, your spouse is automatically entitled to at least 50% of the account balance of the NADART plan unless he/she properly completes and signs the waiver section on the Beneficiary Designation Form (N-30).