- For qualified plans and ERISA –403(b) accounts, the de facto beneficiary is usually the surviving spouse of the retirement account owner.
- Many plan documents provide for a succession of de facto beneficiaries, in the event that the first line of de facto beneficiary does not survive the retirement account owner. For example :
- Some de facto lines go from spouse directly to estate. Others go directly to the estate; however, this usually is not the case with qualified plans and ERISA 403(b) plans, as the spouse is almost always included in the de facto line.