Do PwC and KPMG allow Mega Back Door Roth with their 401K plan? Wanted to confirm.

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PwC does too. I’m able to roll over my post tax 401k contribution to my Roth IRA every pay period

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How did you set this up? What about historical pretax contributions? I missed the boat so trying to mega back door before year end.

PwC allows for post tax 401k contribution but not sure if you can move it before you leave the job so might have to wait until you quit

KPMG does.

EY does too. We’re just capped at 30% rather than 58k.

That is fine, but does not change the fact that we can’t make after tax contributions to do mega backdoor Roth. We can convert traditional to Roth in the 401k. We can’t contribute over 19.5 and we can’t roll 401k to Ira.

Absolutely. I assume all big 4 allow you to rollover after tax 401k into mega Roth back door.

Ey and Deloitte can’t

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Can you explain why mega back door Roth and 401k? And why move? I have 401k but don’t know much about the rest. Thanks.

You can choose pretax or after tax 401k contributions. Pretax lowers your W2 taxable income but after tax does not. Since you were taxed on those after tax contributions now, you can rollover those contributions into a Roth IRA. If you leave it in 401k the contributions aren’t taxed later when distributed since already were but earnings are taxable when distributed. In Roth IRA nothing is taxable.

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