The assets from the 401(k) of the original employer were rolled over into accounts at the 401(k) plan of the new employer. The owner apparently failed to file a new beneficiary designation form ...

A May 2017 decision of the Federal Court for the Middle District of Florida should provide an impetus for employers with employer-sponsored retirement plans to reevaluate their beneficiary ...

Most retirement accounts — IRA’s, 401(k)’s, 403(b)’s and others pass by beneficiary designation and, if the designated beneficiary is not the decedent’s estate (most are not), then by ...

A May 2017 decision of the Federal Court for the Middle District of Florida should provide an impetus for employers with employer-sponsored retirement plans to reevaluate their beneficiary ...

Many people fail to review their retirement plan beneficiaries. ... that. (Private Letter Rulings 201628004 ... of regularly reviewing your beneficiary designations for IRAs, 401(k)s, ...

When administering an employee benefit plan, it is critically important to provide clear and specific instructions as to how a participant can designate a beneficiary. A recent federal district court ...

Q. Vanguard has sent me a beneficiary designation verification letter. For the primary beneficiary, it says it will be the person I am married to at the time of my death. For the secondary ...

However, simple beneficiary designation forms, which govern retirement accounts, insurance contracts, and even bank and brokerage accounts, may actually control the distribution of the bulk of an ...

A recent Private Letter Ruling (113758-18), released on Jan. 4, 2019, illustrates the importance of proper beneficiary designation in retirement accounts.

A thorny Employee Retirement Income Security Act (ERISA) dispute bouncing around the federal courts, known as Becker v.Mays-Williams, highlights the importance of precision in retirement plan ...

The federal government’s 401(k)-style retirement plan changed some rules around contingent beneficiaries in 2022.

In October 2008, Rizo properly named her niece and nephew as her beneficiaries for both the ESOP and the 401(k) plan. By 2011, however, Rizo had been diagnosed with cancer and no longer worked for the ...