Are Roth 401(k) contributions permitted?
If ERISA Consultants has been engaged to establish a Roth 401(k) Plan by the client, then Roth 401(k) contributions are permitted. Prior to establishing a Roth 401(k) Plan, it is the responsibility of the client to consult with their payroll provider and/or account to confirm they are prepared to report Roth contributions for year-end tax purposes. Should the client deposit Roth contributions into the plan at any point, the fee schedule detailed on the Client Engagement will be imposed, including document related fees. **Roth 401k) – If the plan allows Roth 401(k) contributions, a separate investment account must be established to accept only Roth contributions.
