A Quick Reminder: Three Best Practices for Beneficiary Designations
Three best practices for plan administration that often fall by the wayside include: (1) regularly reminding participants to review and update their beneficiary designations; (2) checking recordkeeping practices to avoid loss of beneficiary designation information; and (3) acquiring identifying information for designated beneficiaries. Implementing these three best practices could save plan administrators significant costs and […]
RJ
Russell M. Johnson
Former Associate