Plan sponsors are allowed to add the after-tax contribution feature to their plans as of January 1.
According to the announcement, Oppenheimer has added the options to the following programs:
- OppenheimerFunds 403(b)(7)
- Single K Personal 401(k) plan
- Pinnacle-OppenheimerFunds’ full-service 401(k) program
- Record(k)eeper Pro
- Custom Plus-OppenheimerFunds’ program
Oppenheimer said it has also developed a variety of educational materials about the Roth options for plan sponsors and participants, including Q&A documents, fact sheets, and additional literature.
Oppenheimer’s Web site is www.oppenheimerfunds.com .