Yes! You can use AI to fill out 401(k) Retirement Account Conversion to Empower Frequently Asked Questions

Users often miss or forget the specific dates of the transition blackout period mentioned in informational mailings. Attempting to log in, change investments, or request a loan during this time will fail, causing unnecessary frustration and concern about account access. To avoid this, carefully note the blackout dates and wait until the transition to Empower is officially complete before trying to access your account.

When registering on the new Empower platform, users must enter personal details like their name, Social Security number, and date of birth for identity verification. A simple typo can cause the validation to fail, locking them out or delaying account access until the data is manually corrected with customer service. To prevent this, double-check all entered information for accuracy before submitting. AI-powered tools like Instafill.ai can also help by securely and accurately auto-filling personal information, reducing the risk of manual data entry errors.

The registration instructions specify selecting the 'I do not have a PIN' tab, but users may mistakenly wait for a PIN to be mailed or search for one they don't have. This confusion halts the registration process, preventing them from accessing their account to review balances and investment mappings post-transition. To avoid this, follow the on-screen instructions precisely and select 'I do not have a PIN' to proceed with creating a new username and password.

The FAQ notes that users with pre-existing Empower accounts will be prompted to link them with their new plan account. Ignoring this prompt leads to managing multiple logins and having a fragmented view of total retirement savings, which complicates holistic financial planning. To avoid this, users should accept the prompt to link their accounts when they first log in, creating a single, consolidated view of their retirement assets.

Your funds are automatically moved to 'similar' funds at Empower, but these new funds may have different expense ratios, risk profiles, or objectives. Failing to review this mapping can result in a portfolio that no longer aligns with your financial goals or risk tolerance. It is crucial to log in after the blackout period, compare your new investments against the mapping guide you received, and make any necessary adjustments to your allocations.

Although the FAQ states beneficiary information will transfer automatically, data migration errors can occur. An incorrect or missing beneficiary designation can create significant legal and financial complications for your heirs in the future. After the transition, you must log into your new Empower account and personally verify that all primary and contingent beneficiary information is complete and accurate. If updates are needed, tools like Instafill.ai can help fill out the required forms quickly and accurately.

Users might enroll in the 'My Total Retirement' managed service without fully understanding the associated fees, which are deducted quarterly from the account balance. This can lead to unexpected costs that reduce overall investment returns over the long term. Before enrolling, carefully review the tiered fee schedule and compare the service to the no-cost 'Online Advice' option to ensure it aligns with your financial preferences.

While account balances and loans transfer automatically, specific settings like automatic portfolio rebalancing often do not. Users who assume their old settings will carry over risk having their portfolio drift from its target allocation, potentially increasing risk or reducing returns. After the transition, you should log into the Empower platform and follow the instructions to set up your desired recurring rebalancing schedule.

The plan allows rolling in funds from old 401(k)s or IRAs, but many users delay this process, leaving assets scattered across multiple hard-to-track accounts. This makes holistic retirement planning difficult and can lead to forgotten funds. To simplify your financial life, contact an Empower consultant soon after the transition to initiate the rollover process. If the process involves complex or non-fillable PDF forms, an AI tool like Instafill.ai can convert them into fillable versions and pre-populate your information to streamline the paperwork.

When setting up their new Empower login, users may choose a simple, easy-to-guess password, putting their retirement savings at risk of unauthorized access. The Empower Security Guarantee requires users to follow prudent security practices to be covered. To protect your account, create a strong, unique password and enable any additional security features offered, such as two-factor authentication.

After the transition, all support and account management moves to Empower's website and phone number. Continuing to use old bookmarks or call the prior recordkeeper will lead to delays and frustration, as they no longer have access to your account. To ensure you can get help when needed, delete old contact details and save the new Empower website (empowermyretirement.com) and phone number (844-465-4455).

The FAQ highlights a dedicated mobile app, but many users stick to the desktop website out of habit, missing the convenience of on-the-go account management. The app provides quick access to balances, transactions, and performance, encouraging more active engagement with one's retirement goals. To take full advantage of the new platform's features, download the Empower app from your device's app store for easy access anytime, anywhere.