Go up to a group of your employees right now and ask them if they’re interested in a Roth rollover feature for their retirement account. Chances are, you’ll get a few confused glances and a lot of shrugged shoulders.
A recent Mercer survey shows that employees are pretty disinterested in Roth rollover options — and thus, so are employers.
According to the poll of some 300 DC plan sponsors, despite the recently enacted Small Business and Infrastructure Jobs Tax Act
With such lukewarm interest, Mercer finds that fewer than one-third (31%) of sponsors plan to allow
Among employers who plan to wait, the majority say they will see what other plan sponsors do (23%) and whether plan participants express interest (37%).
They may be smart to wait — 79% of those currently allowing Roth contributions say that less than 10% of plan participants use the feature.
So, what about you? Is your team or your employees particularly raring to go on