When must bene be paid from DC plan?

[Jed Macy]

ABC, Inc. sponsors a money purchase plan. A participant terminated years ago at age 61. At age 70½, he began being paid just the minimum required by §401(a)(9). Now at age 82, he dies. His spouse (age 66) is the sole beneficiary of his remaining account balance. How long before the plan (to remain qualified) must require her to take her benefits out?

[ETA Consulting LLC]

Each year. The RMD must continue. You may use the beneficiary's single life expectancy in the years following the year of death. This language will be in the RMD section of your Basic Plan Document.

Good Luck!