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New 401(k)/403(b) Plan Design Feature Available for 2006: After-tax Roth Contributions |
July 14, 2005
Previously published on July 8, 2005
Beginning in 2006, 401(k) and 403(b) plans will be permitted to offer a new benefit feature to participants -- after-tax "Roth" contributions. These Roth contributions will generally not be taxed upon distribution to the plan participant and, if a five year holding period requirement is met, the earnings on such Roth contributions also will not be taxed when distributed.
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