As we enter the 4th quarter of 2017 and approach year end you will want to make sure all necessary payments to participants are made prior to December 31st. One such payment is the Required Minimum Distribution (RMD).
IRC § 401(a)(9) provides that plan participants age 70 ½ must commence payments from the Plan. This regulation applies to all qualified retirement plans including ESOPs, 401(k) Plans, Profit Sharing Plans, Pension Plans and Individual Retirement Accounts (IRAs).
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