Bernard recently passed away at age 64 before beginning distributions from his employers money purchase plan. Bernard was a single individual throughout his life and named his estate as the beneficiary of his accrued plan benefit. Over what time period must this benefit be distributed, if at all?

Group of answer choices

It does not need to be distributed because it is taxable in full in Bernards estate

According to the life expectancy of the oldest beneficiary of Bernards estate

According to the life expectancy of the youngest beneficiary of Bernards estate reduced by 1 year annually

By calendar year end of the 5th year after the date of Bernards death