Tuesday, September 27, 2022

New Timing for an Improved RMD Experience

To help you ensure that affected participants and beneficiaries take their required minimum distributions (RMDs)—which generally must be distributed by December 31 each year—we’ll automatically deliver your RMD report to you in real time, using current system data, beginning in October. You’ll begin to receive this report more frequently throughout the year, including in the second and third quarters. If you have any affected participants, the report will be delivered directly to your plan website inbox via email and will advise on applicable steps.

In the meantime, for more information on your responsibilities and steps to prepare, please refer to the
2022 RMD Overview.