Alan Simpson Posted June 7, 1999 Posted June 7, 1999 Active employees may still defer into a 401(k) plan whether they are over 70 1/2 or not. As far as the RMD rule, recent legislation had allowed those that reach the age of 70 1/2 and who are not considered a 5% owner to defer taking RMD's until such time as they terminate their employment. However, this should be incorporated into the plan document.
Guest Mark Manning Posted June 7, 1999 Posted June 7, 1999 Can active employees that reach 70 1/2 continue to make salary deferrals in 401(k)? If they are, are they still required to make RMD from plan? Thanks Mark
Recommended Posts
Archived
This topic is now archived and is closed to further replies.