IRS' Employee Plans: 3 New Resources on Retirement
Friday, December 17, 2010
EP Essentials - December 17th
Ronald R. Itzkowitz, National EP Customer Partnership Analyst
We have three
new resources
on www.irs.gov/retirement to help spread the
word about designated Roth accounts and in-plan Roth rollovers to retirement
plan sponsors and plan participants:
1)
In-Plan Roth Rollover FAQs
,
including questions about how to handle 2010 in-plan Roth rollovers
2)
A
chart showing the top ten differences
between
a Roth IRA and a designated Roth account
3)
Six
new "Types of Plan" Web pages devoted to Designated
Roth Accounts
,
including in-plan Roth rollovers
We will
also present a free phone forum on in-plan Roth rollovers on December 20,
2010.
Please visit our Employee
Plans – Phone Forum
Web page
to get additional information and to register for this event.
In-plan Roth rollovers is a feature that 401(k) and 403(b) plans can adopt to
permit participants to roll over an eligible rollover distribution made after
September 27, 2010, from a non-Roth account to a designated Roth account in the
same plan. A 457(b) government plan may adopt an amendment to include a
designated Roth account after December 31, 2010, and then allow in-plan Roth
rollovers.
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