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Automated Minimum Distribution Request 401(k) Plan Participant forward to: Website:www.treasury.tn.gov/dc Refer to the Minimum Distribution Information and Instructions for assistance in completing

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What is automated minimum distribution request?

Automated minimum distribution request is a process by which individuals who have reached a certain age or have specific retirement accounts are required to request a minimum distribution from their account annually.

Who is required to file automated minimum distribution request?

Individuals who have reached a certain age or have specific retirement accounts, such as traditional IRAs or 401(k) plans, are required to file automated minimum distribution request.

How to fill out automated minimum distribution request?

To fill out an automated minimum distribution request, individuals can typically contact their retirement account administrator or use online platforms provided by their financial institution to submit the necessary information.

What is the purpose of automated minimum distribution request?

The purpose of automated minimum distribution request is to ensure that individuals with retirement accounts withdraw a certain amount each year to meet the required minimum distribution rules set by the IRS.

What information must be reported on automated minimum distribution request?

The information that must be reported on an automated minimum distribution request typically includes the individual's personal information, retirement account details, and the amount of the requested minimum distribution.

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