katieinny 3 Posted October 22, 2019 Report Share Posted October 22, 2019 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
QDROphile 294 Posted October 22, 2019 Report Share Posted October 22, 2019 I work with plans that address the circumstances. What does the plan say? Link to post Share on other sites
katieinny 3 Posted October 22, 2019 Author Report Share Posted October 22, 2019 Haven't seen the plan yet. That seems like a weird circumstance for the plan to address, though. Link to post Share on other sites
QDROphile 294 Posted October 22, 2019 Report Share Posted October 22, 2019 Prescient. Link to post Share on other sites
david rigby 431 Posted October 22, 2019 Report Share Posted October 22, 2019 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
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