EY - does EY’s 401k program allow for back-door Roth?

Thanks!

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It does not allow after tax contributions for mega backdoor Roth. It does allow regular Roth 401k contributions. Backdoor Roth does not involve your 401k.

likesmart

What EY1 said. For a back door Roth you have to open both an IRA and a Roth IRA with an outside broker (vanguard, Fidelity, Schwab, etc.). Fund the IRA with $6k and then immediately transfer that to the Roth IRA

Open an IRA on betterment, then once it’s funded, convert to Roth (you can do this online). Voilà.

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