Communication Corner | Mailing – Required Minimum Distribution Letters

Mailing – Required Minimum Distribution Letters

Audience: Participants

Product: MERS Defined Contribution (including DC+ and Hybrid), 457 Program, MERS IRA

Date Sent: 10/15/2019

Format: Mailed Letter from Alerus on behalf of MERS

Description:

On 10/15, Alerus sent required minimum distribution (RMD) letters to the 160 participants who are have not yet satisfied their 2019 RMD.

Alerus also sent a letter to participants who are age 70.5 or older and are still coded in the Alerus system as actively employed. This letter is mailed to ensure participants don’t miss any RMDs in the event of a missing termination date in the system.

Samples:

See below for letter samples and RMD forms.

Disclaimer: The information contained in this Web site is being made available as a public service. The information is not intended to constitute legal, tax, accounting or investment advice, or to replace official versions of that information. Benefit Estimates or Service Credit Purchase estimates requested through this Web site are not official descriptions of any benefits, and do not represent a promise by MERS to provide any benefit(s) to any person(s). No one can detrimentally rely upon the information provided in, or requested through this Web site. MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information's accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.6377.