Financial Planning and Money Management
Financial Planning and Money Management
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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:

https://www.whitecoatinvestor.com/mega-backdoor-roth-with-erisa-401k-plans/
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