TEFRA 242(b)(2)

[Guest Francine]

A participant makes a TEFRA election to delay his minimum distributions from the DC plan. The participant has now died. How do we calculate the MRD for the participant/beneficiary? What account balance do we use - only benefits accrued prior to the TEFRA election?

[Bird]

The election is supposed to spell out exactly how distributions are to be made upon death. Good luck; my experience has been that most or all of these things were done at the stroke of midnight without much attention being paid to the requirements.

I believe the entire account balance is subject to the election.