Money earned but not paid in the final month of a retiree’s life goes to whoever is listed as the Arrears Of Pay (AOP) beneficiary. DFAS will contact this person to assist in closing out the retiree’s ...
Plan sponsors increasingly don’t mind keeping retiree accounts in-house. According to the Cerulli Edge U.S. Asset and Wealth Management Edition released this week, more than half (54%) of 401(k) plan ...