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Learning, Sharing, and Teaching => Investor Alley => Topic started by: kenmoremmm on April 30, 2019, 04:59:31 PM

Title: 401k Plans that allow In-Plan Conversions (Mega Backdoor Roth)
Post by: kenmoremmm on April 30, 2019, 04:59:31 PM

my small engineering firm currently uses Ascensus/ForUsAll. they have minimal fees and offer low-cost funds (vanguard and fidelity). what they do not do is in-plan conversions.

anyone out there know of plan providers that allow mega backdoor roths? apparently, having fiduciary coverage is important (per the office coordinator/owner).

Title: Re: 401k Plans that allow In-Plan Conversions (Mega Backdoor Roth)
Post by: DavidAnnArbor on May 08, 2019, 08:18:28 PM

You can ask Ascensus for a plan that does allow for in plan conversions.

For example, many who are self-employed have used plan documents from Ascensus specifically to enable this process.