With the debut day of the Roth 401(k) inching closer, it would seem that employers would be enthusiastic, but The Toledo Blade reports that few seem interested in offering the new retirement-planning option.
On March 2, the
But its reception has been lukewarm.
John Hills, a partner at a Toledo accounting firm, said just three of his 35 employees have shown interest in the Roth feature, so he won't be offering it.
"Taxpayers in the lower brackets need the deduction, and those in higher brackets think they may as well take the deduction now because it's a sure thing. I'm thinking it's just not going to be popular," Hills said.
Nationally, only a fraction of companies are ready to offer the accounts. A recent survey by the consulting firm
"You don't want to jump in and find out that what you thought were the rules are not actually the rules," said Chuck Gallagher, vice president of human resources for
But Jennifer Hildebrand, a trust executive with Toledo-based