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<p class="MsoNormal">In the past, I believe previously Boeing’s VIP/401K required a one-time lump sum distribution when an estate or trust was named as beneficiary—even if this was not required by the IRS. I understand Boeing made a switch with their 401K.
I looked at a January 2022 “Plan Summary” for what is now called “Total Rewards,” and all it says about trusts and estates is “in general” the five year rule will apply. I have not gone beyond reviewing the Plan Summary and I can and will but I figured, as
this is an issue of interest to many readers of this list serve—who doesn’t have an occasional client with a Boeing 401K—I’d first throw out this topic to see if anyone has firmed up whether there is anything special with Boeing’s current plan when a trust
or estate is involved, i.e., other than what is required/allowed under the Secure Act. Comments?
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<p class="MsoNormal">Thanks, <o:p></o:p></p>
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<p class="MsoNormal">Jacob<o:p></o:p></p>
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<p class="MsoNormal">Jacob H. Menashe<o:p></o:p></p>
<p class="MsoNormal">Hickman Menashe, PS<o:p></o:p></p>
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