Mega Roth 401(k)s are HOT! But Can We Actually Offer This in Our Plan?
Ever since the Wall Street Journal article, inquiries about Mega Roth features have ballooned. But what is the Mega Roth (a.k.a., the Super Roth, or the Backdoor Roth) and how does it work? Are there any pitfalls that a company need to consider, such as discrimination testing, annual limits and safe harbor design considerations. In this session, we'll answer all your questions and show you some techniques you can use to help implement a Mega Roth program, or give you alternatives to consider if it can't fit your organization.
Learning Objectives:
- What is the Mega Roth and how does it work?
- What are "after-tax" contributions v. Roth contributions?
- Can this affect ADP/ACP discrimination testing? (NOTE: you need to have an understanding of ADP/ACP testing as a prerequisite)
- If our plan is safe harbored, is there anything we need to consider?
- What alternatives do we have if Mega Roth won't work for our organization?
In-person session offerings are on a first-come, first-served basis.
Robert Massa
Robert Massa is the Managing Director of Retirement in Houston, TX for Qualified Plan Advisors (QPA). Rob is a retirement professional with more than 25 years of retirement industry experience. His primary responsibilities include practice management, strategic investment direction and advice, retirement plan design consulting and compliance, employee education and development, financial wellness strategies, client relationship management and SEC compliance. His career has been focused in the investment management and administration of qualified retirement plans in a diverse series of roles including investment advice, trust administration, recordkeeping, plan document drafting, compliance testing, product management, legal and client consultation.