Milliman Examines Beneficiary Determinations

In “Qualified Plans Must Come to Terms with Death: Who is the Beneficiary?”, Milliman indicates that:

“There are numerous federal requirements governing retirement plan distributions upon the death of a participant. There are also a few rules that give a plan sponsor some flexibility in the payment features it wishes to include. The determination of who receives a participant’s death benefit falls into both camps with its share of legally required and discretionary provisions.”

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