![5 Types of an Eligible Designated Beneficiary](https://i0.wp.com/iajlaw.com/wp-content/uploads/2021/07/Eligible-Beneficiary.png?fit=550%2C427&ssl=1)
EDB or Eligible Designated Beneficiary
There are 5 categories of an EDB or Eligible Designated Beneficiary. As described in Section 401(a)(9)(E)(ii) of the code, an EDB is: The Surviving Spouse A minor child of the participant (but only until the age of majority is reached,…