What is a designated Roth account?
A designated Roth account is a separate account in a 401(k) or 403(b) plan to which an employer allocates an employee’s designated Roth contributions and their gains and losses. The employer must separately account for all contributions, gains and losses to this designated Roth account until this account balance is completely distributed.
A designated Roth account is a separate account in a 401(k), 403(b), or governmental 457(b) plan to which an employer allocates an employee’s designated Roth contributions and their gains and losses. The employer must separately account for all contributions, gains and losses to this designated Roth account until this account balance is completely distributed.
Related Questions
- Since I make designated Roth contributions from after-tax income, can I make tax-free withdrawals from my designated Roth account at any time?
- Can I roll over distributions from a designated Roth account to another employers designated Roth account or into a Roth IRA?
- Can I make age-50 catch-up contributions as a designated Roth contribution to my designated Roth account??
