Question

The distribution of earnings from Roth 401(k) employee contributions is tax free if which of the...

The distribution of earnings from Roth 401(k) employee contributions is tax free if which of the following tests is(are) met?

  1. The distribution must be made after a five-year period from the date of the first regular contribution to the Roth 401(k) plan.
  2. The distribution is made after the date on which the participant has attained age 62 or becomes disabled, or it is made to a beneficiary of a deceased participant.

II only

Both I and II

I only

Neither I nor II
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Answer #1

Answer : Correct Option is Both I and II.

Reason :

The  distribution of earnings from Roth 401(k) employee contributions is tax free if The distribution must be made after a five-year period from the date of the first regular contribution to the Roth 401(k) plan and The distribution is made after the date on which the participant has attained age 62 or becomes disabled, or it is made to a beneficiary of a deceased participant.If these test qualify then Roth 401(k) employee contributions is tax free.

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