What employers should know about traditional and Roth IRAs
Abstract: Many plan sponsors use a deferred compensation plan such as a 401(k) plan to offer their employees a retirement benefit. But another option to consider is teaching employees about individual retirement accounts (IRAs). With an IRA, employees take personal payroll deductions to channel funds into their accounts. While employers neither sponsor nor manage IRAs, this article examines what employers need to know and why they matter to employers.