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Content
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Colin pfp
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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Gramajo
@gramajo.eth
maybe carry?
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Manan pfp
Manan
@manan
I thought there was a minimum number of employees needed for 401k providers to enable that.
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Patrick | Megapot pfp
Patrick | Megapot
@pl
I remember asking our finance team about it at a last startup, apparently it’s legally dubious so only big co’s do it
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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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