Secure 2.0 Act Section 603 Configuration Review for Roth Rollover
Is it possible to have Oracle review our setup for Section 603? Separate plan types are setup for pre-tax, Roth and after-tax 401k. Employee contributions are setup as required for each benefit plan. Rollover option selected is 'plan level' and before tax, after-tax and special rollover fields have been populated.
Enrollments are % based and changes are managed in Fidelity's system. Enrollment changes received weekly via inbound interface file. If employee is enrolled in pre-tax only, the contributions do not automatically roll to Roth - I must enroll the employee in a eligible Roth plan type.