RMD from 401K over 70?

[Mike 2020]

I was 71 in December 2019.  My Employers Accounting Firm ADP, says I didn't have to take a RMD  from my 401k; for 2019 or even 2020 because I am still working full time and am not a 5% owner of the company.  Is this correct?

I did take my full RMD from an IRA in 2019.

[DavidD66]

If you are still working past age 70.5, you have to take an RMD from your IRAs. However, you may qualify for an exception from taking RMDs from your current employer-sponsored retirement account, such as a 401(k), 403(b), if:

• You're still working
• You do NOT own more than 5% of the business you work for
• You have an employer-sponsored retirement account with the business you work for

If you meet all the criteria above, you may delay taking an RMD from the account until April 1 of the year after you retire. Keep in mind that this does not apply to IRAs or other accounts you may hold with companies you no longer work for.

[NCperson]

yes, they are correct