ING is now offering the Roth 401(k) and Roth 403(b) to its clients. In addition, the firm has also created two education kits for employers and employees to ensure investors' full understanding of the Roth option.
"The debate on the Roth option so far has centered around whether it is beneficial for employers to offer the Roth to their employees and if employees should elect this option," said Brian Haendings, senior vice president of ING defined contribution.
"The broader issue is improving retirement savings across the board," Haendings continues. "The Roth is one more option that employees can use to do that, and we want to make it easy for employers to add this feature if they choose. This new option is also an opportunity to re-focus employees on all the reasons they should be participating in their employer-sponsored retirement plan, and encourage saving more."
The employer toolkit is designed to help employers decide whether or not the Roth option is best for their organization and its employees.