Implementation Amendment Mailing Documents

When your organization switches forms vendors, you should provide amendments to your existing account owners to reflect new language in the Superior IRA & HSA® opening documents.

Providing an amendment mailing to your existing account owners ensures that all your accounts are governed under the same agreement and disclosure documents. 

The Superior agreement indicates that an account will become payable to the surviving spouse if no beneficiary is designated upon the owner’s death. If there is no surviving spouse, it will become payable to the estate.

If this default is different from your prior vendor’s, an amendment should be delivered to existing account owners.

Determine how your organization will complete this amendment mailing:

1. Have Superior complete the mailing at an extra cost. Copies of amendments are stored at the account level under the Notifications section in the Superior platform. (Notify your Superior implementation coordinator if you choose this option.)
2. Have your organization complete the mailing in-house, using the applicable documents provided below depending on your organization's fiduciary type--Custodian or Trustee. (Notify Superior once you complete this mailing.)