Employees are allowed to make contributions to designated Roth 401(k) or 403(b) plans after December 31, but the person who owns this account must add this feature before the year ends, so it will be added the following year.
Employees are allowed to make contributions to designated Roth 401(k) or 403(b) plans after December 31, but the person who owns this account must add this feature before the year ends, so it will be added the following year.
Roth 401(k) and Roth 403(b) are not new types of plans. A new type of contribution is a Designated Roth contribution, which 401(k) and 403(b) plans can accept. This feature was added in January 1, 2006 by the Economic Growth and Tax Relief Reconciliation act of 2001. If you choose to adopt this feature, you [...]