Everything You and Your Clients Should Know About Beneficiary Designation Forms

Western Pension & Benefits Council

Too often plan participants are asked to complete beneficiary designation forms for death benefits and neither the plan participant nor the TPA fully understands the significance of the failure to complete the designation form or the impact of a form that fails to meet the participant’s needs.

While this session is not intended to circumvent a participant’s estate planning attorney or advisor, it will provide attendees with an overview of such issues as the: affect of no beneficiary designation; impact of a divorce on a beneficiary designation, including the pre-nuptial issue; handling of competing claimants for plan benefits; handling a beneficiary’s disclaimer; handling the distribution and reporting for various types of beneficiaries.

Learning Objectives:

• What advice, if any, should a TPA give a plan participant who asks about a designation form?
• What happens if there is a post-beneficiary designation divorce?
• What should be done if there are multiple claimants?

Our Speaker: William Grossman
William C. Grossman is a retirement plan speaker and writer. Bill has spoken at the WP&BC Annual Conference, ASPPA Annual Conference and NIPA NAFE as well as on webcasts for WPBC and ASPPA and at local chapters of ASPPA, NIPA and now WPBC.

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