We will cover advanced RMD issues such as both the 50% penalty as an individual penalty and reasonable cause for its waiver as well as the employer correction of missed RMDs under EPCRS. We’ll look at RBD issues for five percent owners and non-five percent owners who are working at age 70½. We will discuss some unusual RBD and movement of funds after age 70½ issues.
Applying the RMD rules each participant's circumstance can be different and present a challenge for TPAs.
This session will discuss a variety of rules using real-life scenarios and best practice solutions.
- How to identify circumstances that can impact the RMD.
- An understanding of the guidance, as well as "best practices" when guidance doesn't exist.
- How to deal with corrections for failure to pay RMDs.
- The impact of Roth assets and multiple plans.
Speaker: William Grossman, WCG ERISA Consulting, LLC
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