Congress passes SECURE 2.0 Act, making important changes to 401(k)s
Business Management Daily
JANUARY 5, 2023
Accounts must be set up as Roth after-tax accounts. Once the cap is reached, additional contributions can be directed into employees’ Roth 401(k) accounts (if they have one) or stopped until the balance falls below the cap. Roth 401(k) provisions. Roth 401(k)s, however, aren’t quite as generous.
Let's personalize your content