Employers dragging their feet on Roth 401(k) - Jan 20, 2006

[roth401k]

Employers dragging their feet on Roth 401(k)

By Laura Bruce • Bankrate.com
January 20, 2006

The New Year may have brought a touch of disappointment to many workers who had been hoping the Roth feature would be added to their company's 401(k) plan.

The Roth 401(k), available Jan. 1, 2006, allows participants to set aside a portion of their after-tax pay in a retirement account that grows tax-free. (A Roth 403(b) is available to 403(b) plan participants.)

But a survey by Profit Sharing/401(k) Council of America, or PSCA, an organization that assists companies with the design and administration of profit sharing and 401(k) plans, indicates that only 17 percent of companies.....

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