Search the Community
Showing results for tags 'RMDs'.
Found 3 results
-
If a plan opts to adopt the sample amendment found in Notice 2020-51, is a notice to plan participants or SMM required to be distributed plan participants? If yes was a sample notice to participants provided ? -
If a participant has reached their Required Begining Date, is still employed and is not a 5% owner are they still able to request that an RMD be processed for them for the tax year? Extra wrinkle ~ What if the plan does not allow for 59 1/2 Inservice distributions. Thanks for everyone's insights and knowledge on all of the topics that have been posted. It is a great jumping point for extra learning.
-
I know that a more than 5% owner and any terminated participants are required to take a distribution once they turn 70.5. We were discussing the options open to those who are 70.5 and still employed (non-owners). I say the option is open to those people to take it if they want to - assuming that the plan allows for in-service withdrawals of course. My coworker disagreed. What are your thoughts?
