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Distributions Following Death: Deceased Participant Issues [2019]
Date: 9/16/2019 Start Time: 12:00 PM (ET) Duration: 100 Min.

Description

The death of a participant seems like a relatively simple matter for a 401(k) plan. The participant dies; the employer issues a final paycheck, and the plan arranges to distribute the account to the beneficiary. The only problem is that the process is often much more complicated than that, with many potential twists, turns, and risks. This seminar takes a close look at the possible impact of a participant or beneficiary’s death on a 401(k) plan.

Topics include:
  • Compensation paid after death.
  • Deferrals after death.
  • Allocations after death.
  • The effect of death on vesting.
  • Determination of beneficiary.
  • The effect of death on loans.
  • Death of the business owner.
  • Understanding plan distribution language.
  • Effect of joint and survivor rules.
  • Spousal survivor rights.
  • Effect of QDRO.
  • What to do when there are conflicting beneficiaries.
  • How to handle a beneficiary’s death before distribution.
  • RMD rules after death.
  • Planning for surviving spouse.
  • Death in the military.
  • Life insurance in the plan.
Prerequisites:

There are no prerequisites or other advanced preparation for this program. Attendees should have a general familiarity with the operation of 401(k) plans, and a minimum of two years of experience.

Level: Intermediate
Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: After attending the presentation, attendees should be able to:

  • Explain the treatment of compensation paid after death.
  • Correct errors in deferrals and match after death.
  • Properly administer the required minimum distribution rules after death.
  • Explain the options with regard to participant loans outstanding at death.
  • Identify those situation when plan rules take priority over participant beneficiary designations.

How to participate

Please connect at least 10 minutes prior to the event to troubleshoot any issues. You will need a phone and internet access. The graphics presentation and illustrations will be viewed via the web connection, while the presenter's audio portion will be via the telephone. Important Note: The user registrant must be logged in via the internet for CE purposes. Select the "Fees" link on the right side menu of this page for more information.

System Requirements for Webex

WebEx supports both Windows and Mac operating systems. For Windows, we recommend using Internet Explorer 11 or Microsoft Edge browsers. For Mac, we recommend using Google Chrome or Mozilla Firefox browsers. For the easiest connection to the event without the need to download any additional software, try the new Webex web app by clicking on the "Join by browser" link below the login fields. Then connect by telephone as prompted.

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