Oppenheimer Adds Roth Features

December 12, 2005 (PLANSPONSOR.com) - OppenheimerFunds Inc. has announced that it has added the Roth 401(k) and Roth 403(b) options to its retirement programs effective January 1, 2006.

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
  • Ascender
  • 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 .