Free Live Dentaltown Webcast–Unlocking the Power of the Employee Retention Credit: Maximizing Your Practice’s Benefits
June 6, 5pm PT / 8pm ET  •  1.5 hours live CE credit •   Register Now

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: 11

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/
You must be logged in to view comments.
Total Blog Activity
994
Total Bloggers
13,353
Total Blog Posts
4,640
Total Podcasts
1,783
Total Videos
Sponsors
Townie Perks
Townie® Poll
This year, have you been working from a specific marketing strategy or campaign?
  
Sally Gross, Member Services Specialist
Phone: +1-480-445-9710
Email: sally@farranmedia.com
©2023 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