Financial Planning and Money Management
Financial Planning and Money Management
Get the straight facts about: -Retirement plans -Investment strategies -Investment products -Fees and anything else that is rarely discussed by the financial industry.
Blog By:
Kon Litovsky
Kon Litovsky

Mega Backdoor Roth with ERISA 401(k) Plans

5/25/2023 2:28:03 PM   |   Comments: 0   |   Views: 85

Much of the information available on the internet covers individual or ‘solo’ 401(k) plans. Not a lot is written about Employee Retirement Income Security Act (ERISA) 401(k) plans where in addition to owners (who are highly compensated employees, or HCEs) there are also non-highly compensated employees (NHCEs). Most plans that are not owner-run, such as those offered by hospitals, universities, and other large employers don’t allow the option for doing Mega Backdoor Roth conversions, but a smaller partner-run practice plan can easily adopt any changes necessary to implement the mega backdoor Roth 401(k) strategy.

Please follow this link to read the rest of this article on White Coat Investor blog:
You must be logged in to view comments.
Total Blog Activity
Total Bloggers
Total Blog Posts
Total Podcasts
Total Videos
Townie Perks
Sally Gross, Member Services Specialist
Phone: +1-480-445-9710
©2024 Dentaltown, a division of Farran Media • All Rights Reserved
9633 S. 48th Street Suite 200 • Phoenix, AZ 85044 • Phone:+1-480-598-0001 • Fax:+1-480-598-3450