Avoiding RMD by rolling IRA assets to PSP

[jmrsai]

I have a not-for-profit corporation sponsoring a PSP. The "president" will turn 70 1/2 on 10/3/2015. He's planning on working well into his 70's and since he's not a 5% owner, he doesn't have to take RMD's from the plan. Can he roll assets from his IRA into the PSP and avoid having to take the RMD from the IRA too? Or, would he be required to take the RMD from the IRA for calendar year 2015 but avoid it going forward once the assets are part of the PSP?

[mbozek]

He can roll over his IRA to the PSP to avoid MRDs after 2015 because IRA MRDs are based on value of IRA as of 12/31 of prior year. If value of IRA is 0 on 12/31/15 then IRA MRD for 2016 is 0.MRD for 2015 must be received.