allocation of benefits

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Joined: Fri Mar 02, 2018 12:01 am

allocation of benefits

Post by ntang » Fri Mar 02, 2018 12:37 am

How will the alternate payee's share of the benefits be allocated among the participant's various accounts and/or subaccounts under a defined contribution plan?

Posts: 29
Joined: Thu Mar 01, 2018 10:15 pm

Re: allocation of benefits

Post by lduffy » Fri Mar 02, 2018 1:46 am

Generally, the alternate payee’s benefits in a participant’s account will be awarded on a pro-rata basis among all of the participant's accounts. Many plan administrators require a pro-rata allocation and will not allow alternate payee’s share to be awarded from specific sources within participant’s account.

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