"Question: A participant of a company dies, and their life insurance premiums have been paid by employer contributions. The life insurance company can only make the check out to 'The Trustee of the ABC Company 401K.' Can the employer deposit the check to trust at the record keeper and, from there, allocate the funds to the deceased participant account? Or how else does this get done? I have very little experience with life insurance contracts in 401(k) plans, and this might be the first time I've ever had one pay out."