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IRS Memo on RMDs Includes Standards for Searching for Missing Participants
Seyfarth Shaw
[Guidance Overview] Nov. 3, 2017 "Prior to [the IRS Memo for EP examiners], qualified retirement plans that did not make RMDs to missing participants or beneficiaries risked being considered in violation of the RMD requirements, and different IRS regions could apply different standards on audit. Now, qualified retirement plans that cannot locate a participant or beneficiary will be treated as not violating the RMD standards if in compliance with the procedures [in the IRS memo]." MORE >> |
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