CUNA Mutual Rolls Out Roth 401(k)Assistance

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MADISON, Wis. - (12/19/05) Credit unions interested in offeringemployees a Roth 401(k) plan are being offered a new suite ofonline information and implementation tools from CUNA Mutual Group.Effective Jan. 1, 2006, employers can allow workers to makeafter-tax Roth contributions to their 401(k) plan without payingpersonal income taxes upon withdrawals at retirement. Credit unionscan add this new 401(k) feature, made possible by the EconomicGrowth and Tax Relief Reconciliation Act of 2001 (EGTRRA), toexisting 401(k) programs through a simple plan amendment, CUNAMutual noted.

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