Jennifer J
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Thank you. That is what we did.
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We sold our ESOP company in early 2018. The Plan has been terminated with the IRS. We have an independent Trustee who chose to distribute 80% of the sales proceeds to all participants in 2018, but withheld 20% for unanticipated expenses (like a mini escrow). The question is, does the Trust have to process RMDs for 2019 on a terminated plan? Any experience or advice on this topic would be greatly appreciated.