Death benefit and 5-year rule; failure to distribute

[Spodie]

In a plan that we have recently took over, we have discovered a participant (born in 1937) died in 2005 and was not paid out by the 5th year (2010) and still has an account balance. In addition there is no beneficiary on file.

Any suggestions on how to correct this? Can someone point me in the right direction?

Thank you!

[Lou S.]

Have you tried to locate the beneficiaries? I suspect the Plan has default provisions in the event that no beneficiary form exists.

Does the Plan have provisions to forfeit the benefits and restore them in the event that beneficiaries are later found?