As the last days of summer come into view, it’s time to begin preparing for year-end plan administration tasks: 

• Required Minimum Distributions (RMDs): Participants who are age 73 or older, and are either more than 5% owners of the employer or terminated as of 12/31/25, are required to take an RMD from their qualified retirement plan. In late August/early September, we will send communications to both Plan Sponsors and affected Participants outlining the requirements and steps for compliance. 

• Year-End Data Collection: For plans with a 12/31/25 year-end, data collection will begin in early January 2026. Be on the lookout in November/December for invitations to our data submission webinars. 

• Plan Contact Updates: Have there been changes to your plan contacts? To ensure the right people receive year-end communications, please reach out to your Client Services Team now to request an Authorized Persons form and update your plan’s contact information.