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Roth IRAs have an income limit for eligibility to make contributions. Are there income limits on Roth 401(k) contributions?

April 26, 2017contributions eligibility income IRAs k limit limits Roth

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Roth IRAs have an income limit for eligibility to make contributions. Are there income limits on Roth 401(k) contributions?

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No. Unlike the Roth IRA, where people whose adjusted gross income (AGI) exceeds certain limits are not eligible to make Roth IRA contributions, all participants in a qualified plan may make Roth 401k contributions regardless of the individual’s AGI.