Which tech company offers mega backdoor Roth 401k?
I come to realize how it can greatly impact retirement savings amount whether or not your 401k has support for mega backdoor Roth. More specifically, the plan needs to have the following feature:
- After-tax contribution up to 57k per year.
- In-service withdrawal to Roth IRA.
Below is a list of companies supporting it, based on my prior knowledge and the contribution from others in this thread. Please share if your company supports this. I’ll go ahead and add it to the list and keep it growing. Thanks!
- Google
- Facebook
- Microsoft
- LinkedIn
- Oracle
- Qualcomm
- Salesforce
- Amazon (seemingly capped at 10% of base salary)
- Apple
- Nvidia
- Netflix
- Snapchat
- Pinterest
- Expedia
- Intel
- VMware
- Airbnb
- Cruise
- Pfizer
#personalfinance
#investments
#401k
#retirement
#benefits
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