This week’s notable decision is a district court decision in Estate of Colleen J. Brownell v. Lyczak, et al., 2019 WL 5485392 (D.N.J. Oct. 25, 2019), which is another cautionary tale for the notion that murder doesn’t pay, well at least a murder conviction.
In this case, Defendant Lyczak pleaded guilty to murdering his girlfriend, Colleen Brownell, who was a plan participant in a 401(k) Employee Savings Plan (“the Plan”) administered by her former employer, Defendant PHH Corporation. Lyczak was Brownell’s named primary beneficiary. In other words, in the event of her passing, Lyczak was to receive all the money in her Plan account. The plaintiff is the Estate of Colleen J. Brownell.
The Estate moved for summary judgment on the basis that Lyczak’s guilty plea to the murder disqualifies him from being a beneficiary of Brownell’s 401(k) account. Lyczak did not respond and PHH did not oppose the motion. Continue Reading Murder of Plan Participant Disqualifies 401(k) Beneficiary
