The following information is provided by IRS.gov.
A designated Roth account is a separate account in a 401(k), 403(b) or governmental 457(b) plan that holds designated Roth contributions. Designated Roth contributions are elective deferrals that the participant elects to include in gross income. The plan must keep separate accounting records for all contributions, gains and losses in the designated Roth account.
A SARSEP or SIMPLE IRA plan may not offer designated Roth accounts.
Qualified distributions from a designated Roth account are excludable from gross income. Generally, a distribution qualifies for income exclusion when it occurs more than five years after the initial contribution to the account and when the participant:
- is age 59½ or older
- dies or becomes disabled
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You can reach us at by phone at 407 924-7950, email at firstname.lastname@example.org, or simply complete the proposal request form on our homepage.
Michael J. Marini, President & Financial Adviser, Orlando 401k Specialists