RMDs in 403(b) Plans

[Madison71]

403(b) plan provides that the required beginning date for a participant other than a more than 5% owner is the later of age 70 1/2 or retirement. Pretty standard. My question is if any participant in a 403(b) of not for profit has to take an RMD prior to retirement? There are no owners. Thank you.

[Madison71]

found the answer to my own question. 5% rule does not apply. Thanks.

[Guest Forttoth]

403(b) plan provides that the required beginning date for a participant other than a more than 5% owner is the later of age 70 1/2 or retirement. Pretty standard. My question is if any participant in a 403(b) of not for profit has to take an RMD prior to retirement? There are no owners. Thank you.

Careful. he way you calculate a 403(B) plan is much different than a 401k plan: I woud argue that the plan doesn't even have the responsibility to do it, because it is not a plan based limit