| Alternate Payee - 401(k)
Retirement Glossary & Terminologies
An alternate payee can be a spouse, child, dependent
or other eligible relative of a plan participant who is recognized
by a Domestic Relations order (DRO) as having the right to receive
all or a portion of the participant’s retirement benefits
payable under an annuity or other plan. The receiving beneficiary
can rollover amounts received as an alternate payee only if he/she
is a spouse.
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