When must an employee be able to elect to make designated Roth contributions?
An employee must have an effective opportunity to make (or change) an election to make designated Roth contributions at least once during each plan year. The plan must state the rules governing the frequency of the elections. These rules must apply in the same manner to both pre-tax elective contributions and designated Roth contributions. An employee must make a valid designated Roth election, under the rules of the plan, before he or she can place any money in a designated Roth account.
Related Questions
- Can an employee make age-50 catch-up contributions as designated Roth contributions to his or her designated Roth account?
- What is the amount in Box 5 , "employee contributions / Designated Roth contributions or insurance premiums" for?
- When must an employee be able to elect to make designated Roth contributions?
