Jump to content

DB plan distribution form signed, participant dies the next day

Recommended Posts

A participant signed a distribution form requesting a large lump from his DB plan, then dies the next day.  His spouse predeceased him.  At this point, I don't know if the distribution form is still on somebody's desk, or if the check is in process.  I'm hoping his children can at least get the benefit of inherited IRAs.  Any thoughts?

Link to post
Share on other sites
38 minutes ago, katieinny said:

That seems like a weird circumstance for the plan to address, though.

Not weird at all.  Although not experienced by every plan, this circumstance has occurred before, and every ERISA attorney or every TPA has considered it.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...