BEGIN:VCALENDAR PRODID:-//Microsoft Corporation//Outlook 16.0 MIMEDIR//EN VERSION:2.0 METHOD:PUBLISH X-MS-OLK-FORCEINSPECTOROPEN:TRUE BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:16011104T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:16010311T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT CLASS:PUBLIC CREATED:20221208T222216Z DESCRIPTION:All plans: Remind participants who are age 72 or older that the y may need to withdraw their required minimum distribution (RMD) by Decemb er 31 if they are subject to the regulations (i.e.\, they are no longer em ployed by your firm or they were 5% or more owners* in the year they attai ned age 72). The Program also sends reminders to affected participants. Al though the Program will be facilitating the automatic payment of most RMDs \, there may be some participants who maintain a Self-Directed Brokerage A ccount (SDBA) and do not have enough assets in the core investment options to satisfy the RMD (withdrawals cannot be made directly from an SDBA). Si milarly\, the plan may be subject to the qualified joint and survivor annu ity (QJSA) regulations\, in which case the Program will have provided the participant with a one-time blanket spousal consent form to be returned be fore the RMD payment can be made. If the automatic payment cannot be proce ssed for one of these reasons\, those participants will be responsible for ensuring that the RMD is made by year-end\, and if an RMD is not timely m ade\, the participant may be subject to an excise tax equal to 50% of the RMD amount.\n \n DTEND;TZID="Eastern Standard Time":20231211T093000 DTSTAMP:20191120T144938Z DTSTART;TZID="Eastern Standard Time":20231211T090000 LAST-MODIFIED:20221208T222216Z PRIORITY:5 SEQUENCE:0 SUMMARY;LANGUAGE=en-us:Remind participants to withdraw their Required Minim um Distribution TRANSP:TRANSPARENT UID:040000008200E00074C5B7101A82E00800000000801FEED2879FD501000000000000000 0100000007F4927CE038F8A418358F15115B60428 X-ALT-DESC;FMTTYPE=text/html:
All plans: Re
mind participants who are age 72 or older that they may need to withdraw t
heir required minimum distribution (RMD) by December 31 if they are
subject to the regulations (i.e.\, they are no longer employed by your fi
rm or they were 5% or more owners* in the year they attained age 72). The
Program also sends reminders to affected participants. Although the Progra
m will be facilitating the automatic payment of most RMDs\, there may be s
ome participants who maintain a Self-Directed Brokerage Account (SDBA) and
do not have enough assets in the core investment options to satisfy the R
MD (withdrawals cannot be made directly from an SDBA). Similarly\, the pla
n may be subject to the qualified joint and survivor annuity (QJSA) regula
tions\, in which case the Program will have provided the participant with
a one-time blanket spousal consent form to be returned before the RMD paym
ent can be made. If the automatic payment cannot be processed for one of t
hese reasons\, those participants will be responsible for ensuring that th
e RMD is made by year-end\, and if an RMD is not timely made\, the partici
pant may be subject to an excise tax equal to 50% of the RMD amount.