Based on the data in Empower records, Empower will determine the RMD eligible employees and determine the Required Amount to be distributed based on the prior year balances (Per IRS Guidelines).
If that participant has taken distributions throughout the year and enough to satisfy their RMD amount, then Empower will not take any further action.
If the participant has not taken enough to satisfy the RMD amount, then Empower will send a letter in July/August of action required before a particular date.
If no action is taken, Empower will process the RMD and send to the participant withholding the required standard taxes.
Empower does not automatically update the amount and send an RMD in the event the participant has satisfied their RMD amount through other sources.