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Retirement Plan Default Beneficiary Hierarchy: Considerations for Plan Sponsors
Verrill Dana LLP 
June 5, 2025 "This post outlines practical considerations for plan sponsors regarding their defined contribution plan's default beneficiary hierarchy. [1] Keep it simple.... [2] [T]he effective date for [any] change should be prospective ... [3] Take care when moving onto a new recordkeeper's plan document.... [4] Disclose the default beneficiary hierarchy in participant communications." MORE >> |
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