Everything You and Your Clients Should Know About Beneficiary Designation Forms
Thursday, August 23, 2018 10:00 am - 11:45 pm PST
Too often plan participants are asked to complete beneficiary designation forms for death benefits and neither the plan participant nor the TPA fully understands the significance of the failure to complete the designation form or the impact of a form that fails to meet the participant’s needs.
While this session is not intended to circumvent a participant’s estate planning attorney or advisor, it will provide attendees with an overview of such issues as the: affect of no beneficiary designation; impact of a divorce on a beneficiary designation, including the pre-nuptial issue; handling of competing claimants for plan benefits; handling a beneficiary’s disclaimer; handling the distribution and reporting for various types of beneficiaries.
What advice, if any, should a TPA give a plan participant who asks about a designation form?
What happens if there is a post-beneficiary designation divorce?
What should be done if there are multiple claimants?
William C. Grossman is a retirement plan speaker and writer. Bill has spoken at the WP&BC Annual Conference, ASPPA Annual Conference and NIPA NAFE as well as on webcasts for WPBC and ASPPA and at local chapters of ASPPA, NIPA and now WPBC.
Bill was Director of Education and Communication at McKay Hochman for over 15 years. Bill delivered many classes and webcasts and was the primary author of most of McKay’s website articles and the firm’s three newsletters. Bill also answered client technical questions on a variety of retirement plans.
Prior to McKay, Bill was Director of 401(k) Training for a major record keeper. Bill also has had over 20 years experience running a NYC bank’s 1 billion IRA and small retirement plan business.
Bill earned his QPA in 2003 and has been an ERPA since 2009. Bill’s ASPPA volunteer work includes having been co-chair of the ASPPA Annual Conference, co-chair of The ASPPA Journal (now known as The Plan Consultant), a member of the ASPPA asap committee and Bill currently serves on the ASPPA GAC IRS committee. Bill’s NIPA volunteer work includes having been co-chair of the ERPA Conference and having served on the NIPA NAFE conference committee.
Bill has a BA from New Jersey City University, an MBA from Fairleigh Dickinson University and is a graduate of the NYC American Institute of Banking, where he then served as an instructor for 17 years.
2 CE for AIF Certification (pending)
2 CE for ASPPA certifications
2 CEC for NIPA certifications
2 CPE for CEBS
2 CE for JBEA
2 hour MCLE for California attorneys
2 hours for California CPAs
2 hours for Certified Financial Planners (pending)
2 hour for ERPA and Enrolled Agents
Direct Questions To:
PO Box 13Parker, CO 80134720-819-7619