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Colin
@colin
Are there any 401k providers for startups that support megabackdoor roth IRAs? Can't find a single one that does this.
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Cbslim43
@cbslim43
401k Plan design/administration takes work- typically startups are unwilling to pay the additional cost to create a boutique plan- so many 401k providers offer mainly the cookie cutter starter 401k plan- especially when starting from zero $ balance.
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Cbslim43
@cbslim43
Generally speaking it isnt that hard to add after tax contributions or inservice rollovers/conversion features to a 401k plan- the challenge is creating that type of plan for a startup without becoming top heavy (non-compliant). All depends on how many employees, owners, who plans to $add etc- I’m a FA-
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