Friday, May 30, 2014
The American Taxpayer Relief Act of 2012 made available Roth in-plan conversions but they are not as popular as they were expected to be. Only 8% of plans in 2013 offered Roth in-plan conversions, and only .3% of plan participants opted to convert assets under a Roth in-plan conversion.
See Lisa Barron, No Rush to in-Plan Roth Conversions, Benefits Pro, May 28, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.