What to do when a PIMCO account holder dies
Report the death to PIMCO Funds, Class A, C and R shares at 1-800-426-0107
What happens to PIMCO investment accounts after the account holder dies depends on how each account was titled. Beneficiary-designated and trust-owned accounts transfer directly. Accounts in the deceased's name alone go through the estate, and the executor or administrator works with PIMCO Funds, Class A, C and R shares (1-800-426-0107) to claim the funds.
Death claim process
To file a claim after an account holder's death, here is what PIMCO requires:
Filing a claim
- Class A, C and R shares: 800.426.0107 (8 a.m. to 8 p.m. Eastern time)
- Institutional, I-2, I-3, Administrative or M shares: 800.927.4648 (9 a.m. to 7 p.m. Eastern time)
- Closed-end funds (Equiniti Trust Company, LLC, Shareholder Central): 844.337.4626
- Interval funds: 844.312.2113
- Inherited IRA or Roth IRA (Class A and C shares): the beneficiary completes the Inherited IRA/Roth IRA Set-up Form.
- IRA distributions due to death can also be requested on the IRA Distribution Form.
- 403(b)(7) account: the beneficiary, or the executor where no beneficiary is designated or the estate is designated, completes the 403(B)(7) Distribution / Transfer Request Form.
- Joint account registered TOD, one owner deceased: the surviving owner(s) send SS&C Global Investor & Distribution Solutions, Inc. evidence of the co-owner's death.
- TOD account naming a trust as beneficiary: send the trust documents.
- Other accounts that are not retirement accounts: contact the line for the share class.
Required Documents
- Inherited IRA/Roth IRA Set-up Form, for an inherited IRA or Roth IRA (Class A and C shares)
- PIMCO IRA or Roth IRA account application, for a new inherited account
- Medallion Signature Guarantee, on an initial distribution due to an IRA owner's death
- 403(B)(7) Distribution / Transfer Request Form, for a 403(b)(7) death distributionIt states the distribution method, name, address and Social Security number, and includes the tax withholding section.
- Death certificate, for a 403(b)(7) death distributionA certified copy; a photocopy is not accepted.
- Death certificate, for a deceased joint owner of a TOD accountA certified copy, as evidence of the co-owner's death.
- Letters Testamentary, when an executor claims a 403(b)(7) account with no designated beneficiary, or with the estate designatedA certified copy.
- Medallion Signature Guarantee or Signature Validation Program stamp, on the 403(b)(7) form when an executor signs it, and in certain other circumstancesThe executor signs with the title Executor/Executrix.
- Inheritance tax waivers and/or affidavits of domicile, for a deceased joint owner of a TOD account, if applicable
- Outstanding share certificates, endorsed by the surviving owner(s), for a deceased joint owner of a TOD accountEndorsed with a Medallion Signature Guarantee or Signature Validation Program stamp.
- Trust documents, when a trust is the named TOD beneficiaryRequired at the time of death.
Forms PIMCO issues3
- Inherited IRA/Roth IRA Set-up Form
Completed by the beneficiary. Available to download.1
- IRA Distribution Form
Available to download.2
- 403(B)(7) Distribution / Transfer Request Form
Completed by the designated beneficiary, or the executor where no beneficiary is designated or the estate is designated. Available to download.3
What happens to each kind of account3
- IRA
The Inherited IRA/Roth IRA Set-up Form is used to establish an inherited IRA or take a distribution from one. It asks for the deceased shareholder's account number, the original owner's name, date of birth and date of death (and every previous owner when inheriting from a beneficiary), and the beneficiary type.1
On the Inherited IRA/Roth IRA Set-up Form, an estate, charity or non-qualified trust beneficiary is a non-designated (entity) beneficiary.1
- Employer retirement plan
A designated beneficiary of a 403(b)(7) account states the distribution method on the 403(B)(7) form. With no designated beneficiary, or with the estate designated, the executor chooses the distribution method and signs the form with the title Executor/Executrix.3
Accounts handled elsewhere4
- SS&C Global Investor & Distribution Solutions, Inc.
Transfer agent recording directly held PIMCO mutual fund and interval fund accounts, in Kansas City, Missouri6
- Equiniti Trust Company, LLC
Transfer agent for PIMCO closed-end funds (Shareholder Central)6
Phone: 1-844-337-4626
- State Street Bank & Trust Company
Transfer agent for PIMCO ETFs6
- UMB Bank, n.a.
Custodian of PIMCO Funds IRA and 403(b)(7) accounts6
What PIMCO's agreement and guidance say1
- What it does when notified
Once PIMCO Funds confirms a shareholder is deceased, any automatic investment, automatic exchange and automatic withdrawal plans on the accounts are stopped.6
Not in PIMCO's published guidance2
- A claim form, for investment accounts
- How long a claim takes
PIMCO Funds, Class A, C and R shares can be reached by phone at 1-800-426-0107 for questions throughout the claims process.
Sources
Data sourced from PIMCO primary sources (40 pages reviewed). How we research.
PIMCO death claims support
PIMCO Funds, Class A, C and R shares
Phone
Institutional, I-2, I-3, Administrative and M shares
PIMCO Closed-End Funds (Shareholder Central)
PIMCO Interval Funds
Hours
Website
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