This year more employers expect to introduce Roth features to their defined contribution plans, according to a recent survey by Aon Hewitt.
Forty-nine percent of respondents do not offer Roth provisions. Among respondents that don't offer Roth features, 29 percent say they're very or somewhat likely to add this feature in the next 12 months, and of those, 76 percent say the anticipate adding Roth contribution as well as in-plan conversion features.
"While employers have steadily been adopting Roth features in recent years, the new law along with a better understanding of Roth by both participants and companies will encourage more plan sponsors to add these options in the near-term," says Patti Balthazor Bjork, director of retirement research at Aon Hewitt.
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