Roth 401(k) Knowledgebase
Comparison of Plans - Distribution Issues
|
Distribution Issues |
Pre-tax 401(k) |
Roth 401(k) |
|
Federal Tax Applies |
Yes |
No, if qualified* |
|
State Tax Applies |
In
Certain States |
? |
|
Rollover to Traditional IRA, 403(b), 457(b), and other qualified Plans |
Yes |
No |
|
Rollover to Roth IRA, Roth 403(b), and other Roth 401(k) Plans |
No |
Yes |
|
Required Minimum Distributions |
Yes |
Yes; No, if rolled over to Roth IRA |
|
Distribution
Restrictions (hardship, age 59½, death,
disability, terminate plan or employment) |
Yes |
Yes |
|
Refund
Contribution Taxed |
Yes |
No |
|
Refund Earning
Taxed |
Yes |
Yes |
|
Double Taxation
if Excess Contribution Not Distributed by April 15 |
Yes |
Yes |
*Qualified
tax-free distribution if held in Roth 401(k) account
for 5 years and participant attains age 59½, dies or is disabled
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