Tax Advantage Accounts
Life Events FAQs
Defined Benefit Plans
Getting divorced is a qualifying event that allows you to make changes to your benefits plan. A qualifying status change allows you to add or remove a dependent from your existing benefit coverage (as applicable). Any changes made to coverage must be consistent with the Qualified Status Change under IRS Section 125.
IMPORTANT: Changes to your benefit elections due to a life-changing event must be made within
31 days of the event.
Complete the Life Event Declaration in
Dayforce. After you log in to Dayforce, look for the form under Benefits > Forms
Once the form has been submitted, an election window will open for you to make your benefit changes. This will be viewable under Benefits > Overview (click refresh if it is not displaying).
Your elections will not be processed until you click "Submit Enrollment".
After you submit your elections, review and print your confirmation statement.
Farm Credit Foundations will review all submitted changes within three business days. If an error is identified, you will be notified in the message center within Dayforce.
Review your pay advice to confirm you benefit deductions are reflecting accurately.
You may also want to consider updating your beneficiary designations.To elect coverage and designate beneficiaries log onto
Want to change your 401(k) deferral percentage or update your 401(k) beneficiary designations?Go to
Need to make changes to your payroll and tax situation? Go to
Dayforce to make changes to your tax withholdings or direct deposit information.
You may need to update or change some personal information by logging on to
Marital status (updating marital status does not add or remove your spouse from your health and welfare plan; you must complete a life event declaration form in
Dayforce to add or remove a dependent(s) from your benefit plans)
Dependent information (adding or removing a dependent in Dayforce does not add or remove your dependent from your health and welfare plan; you must complete
a life event declaration form in
Dayforce to add or remove dependent(s) from your benefit plans)
Name change (requires updated Social Security card)
Update emergency contact information
Your former spouse has the option to continue benefit coverage upon coverage
ending due to the divorce event. They have 60 days to elect and pay for
continuation coverage directly with PayFlex. Learn
more about continuing coverage.