Directed Account Plan RMD – Required Minimum Distributions (2015)
Important information for DAP participants taking monthly distributions who are over age 70 1/2 and are required to take an annual RMD. Your last installment payment for 2015 was distributed on December 15th. If your Periodic Payments from January to December of 2015 were less than the calculated RMD amount, Empower processed the supplemental distribution in December to meet your RMD. Your funds were sent according to your payment instructions on file. If you have ACH information on file, then it was sent ACH. If not, then it was sent by regular mail. For those participants over age 70 ½ who did not receive installment payments, and did not take a distribution in 2015, the amount of your full 2015 Required Minimum Distribution was distributed in December to ensure compliance with IRS regulations.