Minimum distributions- is the default election to defer MRD if no elec

[Guest William Lehman]

What is the correct procedure for participants who are working, less than 5% owners and do not return their election form to receive or defer their MRD?

[Dave Baker]

Might be determined by the plan document. You're working with one that still has old language re minimum distributions to everybody at 70-1/2, even if a 5%-or-less owner?

[Guest William Lehman]

Correct, I have old language and not sure what the requirements are for notification.