jane123
Mar 9 2005, 02:34 PM
I know an inherited IRA for a non-spouse beneficiary must be maintained in the deceased's name. Does this rule apply for inherited 401(k) and qualified plan assets?
Thanks
mbozek
Mar 16 2005, 06:34 PM
No. The account is now in the bene name since a bene can hold assets under the plan. There is no such thing as an inherited retirement plan. Plan can cash out bene interest without his consent regardless of amount.