Roth 401(k) Plans Have New Appeal for Employers

The traditional 401(k) plan is the most popular qualified retirement plan in the United States. As of March 31, 2024, Americans held $7.8 trillion dollars in 401(k) plans (out of a total $11.1 trillion invested in qualified retirement plans), according to the Investment Company Institute. In fact, your organization probably offers a 401(k) plan to […]

Should You Consider an Employer Roth 401(k) Account?

Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a 2020 survey, 75% of employer plans now offer DRAs, which are also known as Roth 401(k) accounts. If your employer offers this option and your income is too high to make annual Roth IRA contributions, contributing […]