Topic Archive: Annuity

When Must Participants Get Their Spouses To Sign-off On Changing 401(k) Elections?

DWC | 04/3/18


One of our employees recently asked about changing his primary beneficiary on his 401(k) account. The beneficiary form says the participant must obtain the consent of his spouse in order to make the change, but when I called the company that manages our plan for us, I was told that spousal consent rules do no apply to our plan. Now, I am really confused.

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