Tag: RMDs

DOL’s Open MEP Proposal Advances Through OMB

If the DOL’s proposal closely follows President Trump’s executive orders, it is likely to revise the “common nexus” and “one bad apple” rules that have held back open multiple employer plans.

IRS Expands Audit Guidance for RMDs to 403(b) Plans

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.

(b)lines Ask the Experts – RMDs and Rehires

“I read an Ask the Experts column from a few years ago which stated that, if we hired someone older than 70 ½, that they would need to take required minimum distributions from plans of prior employers but not from our plan.