DB minimum distribution for 03

[Guest Rae]

I have a DB participant who is currently receiving annual minimum distributions from his DB plan based on the "account balance" method. His first distribution took place in March of 2003 (RBD was 4/1/03), and I am working on his 12/31/03 distribution. Am I off base on these requirements?

1) It is my understanding that even though the 2002 Regulations are "delayed" for DB plans, the Uniform Lifetime Table in the 2002 Regulations must be used for 2003 distributions (even for DB plans using the account balance method).

2) Since he did not receive his first distribution until 2003, the 12/31/02 value is not reduced by the amount of the calendar year 2002 distribution (pursuant to the 2002 Regulations).

Thanks.

[Guest tcv]

1) That's what I would use.

2) This is correct.