242b and RMD's

[CLE401kGuy]

If a participant over 70 1/2 had a 242b election and passes away - can the beneficiaries then avoid RMD's because of that election and rollover to their own IRA's and establish future RMD's off the beneficiaries' birthdates?

[GMK]

Maybe this, from 2003, helps (last 2 pages):

http://files.ali-cle.org/thumbs/datastorage/skoobesruoc/pdf/02ColemanQualifiedCH092_thumb.pdf

This is newer:

http://www.nipa.org/blogpost/891501/163806/The-Latest-Q-A-s-for-TPAs

[GMK]

and masteff posted more (maybe more useful) information here:

http://benefitslink.com/boards/index.php/topic/58935-242b-rmd/#entry260162