Can Beneficiary Designations Specify a Dollar Amount Instead of a Percentage?

[namealreadyinuse]

Non-J&S, plan and SPD silent. Can we allow a participant to specify a dollar amount to a beneficiary with the remainder to another beneficiary.

It sounds unusual, but is it legally permitted?

[mming]

I would think that a dollar amount instead of a percentage shouldn't cause legal problems.

[QDROphile]

The plan had better have some default rules to deal with not enough funds to cover all the specified allocations. Either that, or someone with above average skills will have to review each designation to be sure that the designation itself avoids interpretation problems. In any event, make sure the plan terms are compatible with specification of a dollar amount.