AF2019
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Term Certain Annuity and RMD
AF2019 replied to AF2019's topic in Defined Benefit Plans, Including Cash Balance
How is the RMD calculated for this individual? -
If a participant in a Defined Benefit Pension Plan chooses to take a 5 year (60 month) term certain annuity, can those payments be directly rollover over to an IRA? What if the participant is over 70 1/2?
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We sent a terminated 401(k) Participant a letter stating we would roll their account into an IRA if they did not return a distribution form. At the time their account balance was < $5,000. Now, 45 days later, we have not heard back, but their account balance has increased to > $5,000. Can they still be forced out of the Plan?