Secure 2.0 and Employer Match into Roth
Does anyone know if the employer match into a participant’s Roth account is still deductible to the Corporation?
Does anyone know if the employer match into a participant’s Roth account is still deductible to the Corporation?
Permalink Submitted by Alan - IRA critic on Wed, 2023-01-11 19:32
Yes, it is deductible by the employer but will be taxable income to the participant. I expect that this taxable income would be included in participant’s W-2 in some manner.
Permalink Submitted by Geoffrey Kasher on Wed, 2023-01-11 20:21
TY and Happy New Year!