force out at NRA

[K2retire]

When the plan document requires distribution of balances over $5,000 at the later of age 62 or NRA, and NRA is age 65 with 5 year of participation, does a participant who terminates with less than 5 years of participation ever reach NRA?

[david rigby]

Yes. Please re-read. It should say "fifth anniversary of plan participation".

If the plan does not say this, but uses 5 YOS, then the plan is not in compliance with ERISA and Internal Revenue Code.

[K2retire]

So it does! Thanks.