BenefitsLink Message Boards > Too much taken as 70 1/2 minimum distribution in DB plan where participant is not yet at retirement age.

Full Version: Too much taken as 70 1/2 minimum distribution in DB plan where participant is not yet at retirement age.

BenefitsLink Message Boards > Retirement Plans > Distributions and Loans, Other than QDROs

picwrc

Jan 14 2004, 12:00 PM

I know normally in PSP or in a DB plan where the participant is past retirement age, it is not a problem if the participant takes more than the minimum required. However, is it a problem in a case where the participant (more than 5% owner) is not yet at Normal Retirement Age? If so, what are consequences?

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