They want to find other ways to use RMD payments.
Tag: required minimum distributions
President Trump on Friday called on the Department of Labor to consider the pros and cons of allowing small businesses to jointly offer retirement plans (open MEPs).
A memo says examiners should not challenge a 403(b) plan for violation of the RMD standards for the failure to commence or make a distribution to a participant or beneficiary to whom a payment is due, if the plan sponsor has taken certain steps.
The memo lists actions plan sponsors should take to locate missing participants in order not to be challenged on violating RMD rules.