For convenience, these rules for the minimum distribution and incidental death benefit requirements of I.R.C. § 401(a)(9) are stated in terms substantially similar to the list of required modifications (“LRMs”) published by the IRS for use with plans intended to be qualified under I.R.C. § 401(a). However, the Plan Administrator must construe the plan to state provisions that allow participants and beneficiaries the greatest flexibility that can be permitted under I.R.C. § 457(d)(2) and I.R.C. § 401(a)(9).
(Ord. NIRC 97-1, passed 1-15-1997)