Beneficiary | Strategic Benefits Advisors

For a Defined Benefit (DB) plan, the person designated to receive pension benefits in the event of the death of the participant, either before or after the participant begins receiving pension payments.

For a Defined Contribution (DC) plan, the person designated to receive a participant’s retirement account in the event of the death of the participant. Following a participant’s death, the account becomes the property of the Beneficiary.

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