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IRS Gives Plan Sponsors Flexibility to Expand Pre-Tax to Roth Conversion Opportunities
Porter Wright Morris & Arthur LLP Link to more items from this source
[Guidance Overview]
Jan. 21, 2014
"An in-plan Roth conversion feature offers flexibility to participants, but what about the plan sponsors? ... [S]ponsors can decide whether to allow participants to convert all pre-tax amounts to Roth amounts, or whether to allow conversions for only some types of pre-tax amounts.... [P]lan sponsors will not have any withholding obligations with respect to converted amounts. Roth conversion features also are not considered protected benefits. In other words, a plan sponsor that adopts this feature could decide in the future to restrict its scope or eliminate it completely, so long as the takeaway is applied on a non-discriminatory basis."

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