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WWW.assocbenadmin.com VOLUME 11/ NUMBER 3 Presidents Column By Dr. Thomas J. Mack ell, Jr., President, Association of Benefit Administrators, Inc. WANTED: A RETIREMENT SECURITY/HEALTH CARE CZAR The
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How to Fill Out an Association of Benefit?
01
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What is association of benefit?
Association of benefit is a document that lists the beneficiaries of a trust plan or insurance policy.
Who is required to file association of benefit?
The policyholder or trustee is required to file association of benefit.
How to fill out association of benefit?
Association of benefit can be filled out by providing the necessary information about the beneficiaries and signing the document.
What is the purpose of association of benefit?
The purpose of association of benefit is to ensure that the intended beneficiaries receive the proceeds of the trust plan or insurance policy.
What information must be reported on association of benefit?
The association of benefit must include the names of the beneficiaries, their relationship to the policyholder or trust, and their percentage allocation.
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