Guest T-BONE Posted October 23, 2002 Posted October 23, 2002 How do you process excess contributions (ADP/ACP and/or 415) following the death of a participant? Are they distributed in the same manner to the beneficiary of the account??
Appleby Posted October 23, 2002 Posted October 23, 2002 Yes. The beneficiary is required to remove the excess in accordance with the same rules that would apply to the participant, had she/he not died. Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
Guest T-BONE Posted October 23, 2002 Posted October 23, 2002 Thank you . . . that's what I suspected, but I could not locate a cite . . . do you have a cite that I could hang my hat on??
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