maryflemingphr@yahoo.com Posted December 6, 2021 Posted December 6, 2021 Hello, Question is if a recordkeeper did not start RMDs by the required date, does the RMD amount for 2022 get adjusted to take into account the missed RMDs? The situation is a new recordkeeper is processing the RMDs. The participants did not start RMDs for a few participants going back several years while with the prior recordkeeper. Thank you.
Lou S. Posted December 6, 2021 Posted December 6, 2021 RMD failures are correctable under EPCRS. https://www.irs.gov/retirement-plans/correcting-required-minimum-distribution-failures
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