BG5150 Posted November 5, 2010 Posted November 5, 2010 If a participant must take an RMD, do we need the participant's authorization to process it? Or is just the Trustees' say-so okay? Does it matter if the amount is more or less than the plan's involuntary cash-out threshold? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
PensionPro Posted November 5, 2010 Posted November 5, 2010 Section 401(a)(9) must be satisfied even though the employee (or spouse, where applicable) fails to consent to the distribution. PensionPro, CPC, TGPC
Guest Sieve Posted November 5, 2010 Posted November 5, 2010 No consent needed for MRD. See Treas. Reg. Sections 1.411(a)-11©(7) and 1.401(a)-20, Q&A-23.
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