5% owner turned 70 1/2 last year and will roll his account into an IRA. He is still employed by Corporation and will still be receiving profit sharing and money purchase contributions from the Employer. In the future, can he roll the contributions over to the IRA and not have them be subject to the Min Distribution rules in the plans or will he automatically have to take minimum distributions from the Plan?

Regardless of where the money is at either IRA or qualified retirement plan he is still required to receive the 70 1/2 min. Additionally, as long as he has an account balance in the plan he is required to take 701/2 mins. A required distribution can not be rolled over into an IRA or any other qualified plan.