|
gptkbp:instanceOf
|
retirement savings account
|
|
gptkbp:catchUpContributionLimit2024
|
$7,500
|
|
gptkbp:contribution
|
employee elective deferral
|
|
gptkbp:contributionLimit2024
|
$23,000
|
|
gptkbp:countryOfOrigin
|
gptkb:United_States
|
|
gptkbp:earlyWithdrawalPenalty
|
10% penalty before age 59½
|
|
gptkbp:eligibility
|
employees of companies offering 401(k) plans
|
|
gptkbp:employerContributionsTaxTreatment
|
pre-tax
|
|
gptkbp:governedBy
|
Internal Revenue Code Section 402A
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Roth 401(k)
|
|
gptkbp:introducedIn
|
2006
|
|
gptkbp:mayInclude
|
employer matching contributions
|
|
gptkbp:namedAfter
|
William Roth
|
|
gptkbp:offeredBy
|
employers
|
|
gptkbp:purpose
|
retirement savings
|
|
gptkbp:regulates
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:relatedTo
|
gptkb:Roth_IRA
traditional 401(k)
|
|
gptkbp:rolloverAllowedTo
|
gptkb:Roth_IRA
traditional 401(k)
|
|
gptkbp:subject
|
required minimum distributions
annual contribution limits
income tax on employer contributions at withdrawal
|
|
gptkbp:taxStatus
|
qualified withdrawals are tax-free
contributions made with after-tax dollars
|
|
gptkbp:withdrawalAge
|
59½
|
|
gptkbp:bfsParent
|
gptkb:401(k)_plan
gptkb:Internal_Revenue_Code_Section_401(k)
|
|
gptkbp:bfsLayer
|
7
|