NOTICE OF CHANGE FOR SEMINAR REGISTRATIONS:
To register for Relius Education seminars and conferences, please login or register for a new login account before proceeding. For more information, please see the Benefits of a Relius User Login Account. For assistance, please contact Client Services at 800-326-7235, and select Option 6.

Distributions Following Death: Deceased Participant Issues [2019]
Presentor: David Schultz Recorded Date: 9/16/2019 Duration: 100 Min.

Description
This program was recorded during a live presentation given on September 16, 2019.
*******************************************************************************

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.

All ownership and intellectual property rights in and relating to this website and all of its contents or any copies thereof, including but not limited to copyrights, logos, trademarks, service marks, design, text, videos, sound recordings, images, links, graphics, code, concepts and themes are owned by FIS and/or its subsidiaries (collectively "FIS") or used under authorized license by FIS. Any recording, reproduction, transmission, distribution, publication, performance, broadcast, hyperlink, creation of derivative works or other use in whole or in part in any manner without the prior written consent of FIS is expressly prohibited. Without the prior written consent of FIS, you shall not insert a hyperlink to this website or any part thereof on any other website or "mirror" or frame this website, any part thereof, or any information or materials contained in this website on any other server, website or webpage.