IRS Prop. Reg.: Required Minimum Distributions Post-SECURE Act (IRC §401)

Proposed rules that would modify required minimum distribution rules for qualified plans after enactment of the SECURE Act issued by the IRS Feb. 23. The proposed regulations regarding §401(a)(9) cover topics such as the statutory effective date of the limitation on beneficiary life expectancy distributions, participants in multiple plans, distributions commencing during an employee’s lifetime, where an employee’s death occurs before the required beginning date, determination of the designated beneficiary, RMDs from defined contribution plans and defined benefit plans, and rollovers/transfers. The proposed regulations regarding §402(c) cover topics such as exclusion of from income of amount rolled over, ...