When was the last time you checked your retirement plan's beneficiary provisions? How do you handle incomplete beneficiary designation forms or contingent beneficiaries? To appropriately process beneficiary designation forms, you must weigh carefully all of the surrounding circumstances.
Planning early for a plan termination can have a long-term effect on the point in time when your plan is ultimately ready to terminate. Take steps now to put a process in place to regularly monitor your plan’s funded status to reap rewards and potentially mitigate the negative outcomes from future market downturns.
Findley Focus is published by Findley to provide general information about recent developments and current topics in employee benefits and HR. The information provided is a summary and should not be relied upon in lieu of the full text of a particular law, regulation, notice, opinion, legislative proposal or other pertinent information, and the advice of your legal counsel. Findley does not practice law or accounting, and this publication is not legal or tax advice. Legal issues should be discussed with your legal counsel.
