Guest Dee401kLady Posted June 23, 2014 Posted June 23, 2014 Need some help (or a good reference) for a summary of the rules for Qualified Joint and Survivor provisions? I have a 401(k) plan that includes J&S for distributions only and want to be sure we are ok with the process. I think in a nutshell: Participant must understand (such as on a distribution form, and with maybe an explanation notice, along with the 402(f) notice) that they may select an annuity as a form of payment. This information would apply to all participants both single and married participants. If married, the participant's spouse would need to consent to an election for a payment OTHER THAN an annuity. Does the explanation/notice (in advance of the pariticipant's payment election) HAVE TO provide details (any or specifics for the individual participant) about the annuity payment? Is there something needed that addresses 'most valuable benefit'? and someone noted concerns about QPSA (different or same needed- I'm not sure)?
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