"Participant died in April 2025. He was 74 but had not started RMDs because he was still working up until his death. So he had not reached his RBD. His wife is sole beneficiary. She is in her 60s. Account is invested with a large recordkeeper. Does the wife have to start taking withdrawals, or can she wait until she turns 73 (or 75)? Should the account be transferred into her name at the recordkeeper and does that make a difference regarding the timing of when the distributions start?"

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"Small employer has sponsored a SIMPLE IRA for 8 years. Small Employer now discovers/recognizes that it's part of a controlled group with thousands of employees and was never eligible to sponsor the SIMPLE IRA. What's the fix? It couldn't be as 'simple' as stopping contributions and filing for a compliance statement under VCP?"

"Curious if anyone is doing distributions to participants via ACH and not using a large provider (like a Penchecks, American TCS, Broadridge/Matrix, etc) to facilitate. We are implementing this, in house, and are curious if anyone else does the same? Wondering what 'tool' is being used as an ACH verification tool -- to not only verify it is a legit ACH account number that was provided but also a name matching tool as well. So if a Joe Smoe sends ACH information to us -- we run the account number and name through a system to verify that yes, this is a legit account number and the name matches Joe Smoe ... and then we can send the funds. How does everyone handle outgoing ACH payments to participants?"

"I have a new plan that has elapsed time for vesting. I just want to confirm that I am doing this correctly. The participant would have to be employed on the anniversary date to received vesting credit, correct? i.e. date of hire 4/5/2023. Terminated 12/31/2024. Therefore he had 4/5/2023-4/5/2024 = 1 year. 4/5/2024-12/31/2024 = 0"