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RMD |
Also found in: Financial | 0.04 sec. |
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401(a)(9)-7, Q&A-2, states that if an amount distributed by one plan (distributing plan) is rolled over to another plan (receiving plan), the benefit of the employee under the receiving plan is increased by the amount rolled over for purposes of determining the RMD for the calendar year immediately following the one in which the rollover is distributed. However, as described above, Notice 1269 allows the new rules to be used to determine a post-April 1, 2001 RMD from a qualified plan--even if the plan has not been amended to reflect those rules. PHILADELPHIA -- RMD Entertainment Group (Pink Sheets:RMDG) announced today that their rising hip-hop star Roc Monee is making significant progress in his initial release for the company. |
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