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Who keeps track of the participants who are in payee status in a defined benefit plan?

April 26, 2017benefit defined participants payee Plan Status track

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Who keeps track of the participants who are in payee status in a defined benefit plan?

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The plan administrator or plan sponsor keeps track of the plan participants who are in payee status and provides updates to us as needed. The plan sponsor can update the benefit distribution file directly, online, by accessing the partner Web site.