BG5150 Posted June 5, 2019 Posted June 5, 2019 I'm filling out a pre-QDRO questionnaire. One of the questions asks if there are any survivorship benefits, and if any elections were made? Does this mean did he fill out a beneficiary form? I ask, because later, in a separate section, it asked who the beneficiaries are. Plain ol' 401k/PSP. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
C. B. Zeller Posted June 5, 2019 Posted June 5, 2019 Maybe asking if they waived the QPSA? That's the only pre-retirement election that would apply that I can think of. Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
david rigby Posted June 5, 2019 Posted June 5, 2019 Might be hasty to assume some sort of default, since some plans might allow multiple beneficiaries. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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