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What happens to the Defined Benefit plan’s assets in the event of my death?

April 26, 2017assets benefit death defined event happens Plan

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What happens to the Defined Benefit plan’s assets in the event of my death?

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Assets will be paid out to your designated beneficiary. Since the death benefit is based on the plan’s benefit formula, the situation described above regarding the possible mismatch between actual assets and those needed to pay the death benefit is relevant.