With the close of 2024 we want to remind you to review your Plan report for participants who may still need to begin required minimum distributions (RMDs). Generally, Participants are required to start RMDs at age 72 (age 73 if the Participant reaches age 72 after December 31, 2022) or when they retire if later. A more than 5% owner must begin RMDs upon attaining the required age even if still employed. Participants who attained the required beginning age and retired during 2024 are required to receive their first minimum distribution not later than April 1, 2025. They will also need to receive another minimum distribution by December 31, 2025. You may wish to review your payroll records to determine if anyone has separated in 2024 that did not receive a RMD in 2024 so it can be processed by the April 1, 2025 deadline.