Bill:
My understanding is that the Plan did so. I assume that the insurance agent notified the Plan once he learned participant was deceased and the appropriate paperwork was completed.
Bird:
Probably heading where you have described, ie, waivers/releases, and would seem that if Plan Trustees and Employer are comfortable that insurance monies are to flow to the deceased participant's account, then TPA would go along with their instructions. We will see how it shakes out once we gather all the records we can find....
Thanks for all replies.