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IRS approval for Roth 401(k)
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not been recently
reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.
Q:
Do I need IRS approval to switch to a Roth 401(k)?
A:
No, any 401(k) plan can adapt the Roth option without affecting it's pre-approval status. In other words if your 401(k) plan has a determination letter (either the individual plan or the master submitter plan) then adoption of the IRS-approved Roth amendment does not negate the approval. On the other hand, if your 401(k) plan does not have a pre-determination letter, then adoption of the IRS-approved Roth amendment does not give the plan any additional assurance.
Summary
More resources:
Freedom Benefits abbreviated copy of IRS Notice 2006-44
