The Top 10 Rules for Roth 401(k) Contributions, in-plan Conversions, and Taxability FLEXCAST

Overview

A designated Roth Account (DRA), also known as Roth 401(k), Roth 403(b), and Governmental Roth 457(b) account, allows eligible employees to make Roth contributions to their accounts under plans provided by their employers. Participants may also convert amounts from the traditional side of their plan account to the Roth side as in-plan conversion. Like Roth IRAs, distributions from DRAs are tax-free and penalty-free if qualified. But, while there are some similarities, there are also differences. This course examines some of these similarities and differences. Critical considerations for moving amounts from one DRA to another are also covered.

Highlights

Roth 401(k) contribution rules. Direct and indirect Roth conversions. Direct and indirect Roth rollovers from qualified plans.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Explain the contribution rules for designated Roth accounts. Identify the operational and compliance requirements that apply to Roth conversions. Explain the transfer or rollover rules that apply to Roth 401(k)s. Determine whether a Roth 401(k) distribution is qualified.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.