Employers offering Roth is way higher

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The numbers of employers allowing Roth 401(k) savings have dramatically increased.

The percentage of 401(k) plans to offer the option grew to 86% in 2020, up from 75% in 2019 and 49% a decade ago, according to the Plan Sponsor Council of America, a trade group.

There was never a reason as to why a plan sponsor wouldn’t offer one since it didn’t impact testing. I think time, education, and the general feeling that tax rates will increase over time, have helped the surge of interest in adding them.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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