Oakland County adds in-plan Roth conversion feature to 457(b) deferred-compensation plan
County retirement plan administrator presented a new in-plan Roth conversion feature allowing participants to convert non-Roth dollars inside the 457(b) plan once per year; committee recommended forwarding the amendment to the board.
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Oakland County’s deferred compensation plan administrator and plan vendor Empower presented an amendment to the county’s 457(b) plan to permit in-plan Roth conversions, allowing participants to convert non‑Roth dollars within their 457(b) accounts to Roth status once per year.
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