### Question
How does the law define beneficiary?


### Answer
Under *26 U.S.C. § 457*, **beneficiary** is defined as:

> a beneficiary of the participant, his estate, or any other person whose interest in the plan is derived from the participant

#### Citation:
  - *26 U.S.C. § 457*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart B-Taxable Year for Which Items of Gross Income Included**

