Employee Access to Roth 401(k) Plans on the Rise

August 24, 2023

Roth 401(k) plans can offer an ideal opportunity to build a source of tax-free retirement income. There are no income restrictions to participate, they have much higher contribution limits than Roth IRAs, and they may offer employer matching contributions. And thanks to the SECURE 2.0 Act of 2022, beginning in 2024, Roth 401(k)s will no longer impose required minimum distributions in retirement. The percentage of employers offering a Roth 401(k) plan grew substantially from 2012 to 2021, a trend that may continue.

Roth 401(k) chart

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

Woman wearing glasses and using her phone, sitting on a couch in a living room.
By TFC Team August 20, 2025
We go over three ways to build financial resilience. The three ways are to fortify your foundation, stress-test your portfolio, and anticipate future challenges.
An older woman with glasses thoughtfully looks off to the side, holding a pen.
By TFC Team August 20, 2025
A summary of how SECURE 2.0 Act which was passed in 2022 has improved 401(k) plans.
Person sitting at a desk with hands behind head, laptop in front. Purple shirt, yellow hair, neutral background.
By TFC Team August 20, 2025
A summary of benefits and how life insurance can be a useful tool to consider to help you in other areas of your life.
Older couple smiles while sitting on a porch; the man wears purple, the woman wears orange, and white furniture is in the background.
By TFC Team August 20, 2025
An infographic showing the relationship of boomer homeownership to retirement and aging.
Show More