Each of the following statements is correct about a Roth 401(k), except for one. Which of the following statements is incorrect?
An employer’s matching contributions will not go to the Roth 401(k) account; rather, the contributions will fund the traditional 401(k) account.
Similar to the Roth IRA eligibility phase-out, employees may be prohibited from making a deferral to their company's Roth 401(k) if their earnings are too high.
Employee deferrals designated for a Roth 401(k) will grow on a tax-free basis; deferrals designated to a traditional 401(k) will grow on a tax-deferred basis.
An employer who sponsors a Roth 401(k) plan is also required to offer a traditional (pre-tax) 401(k) plan
An employee who is age 50 or older is eligible for catch-up contributions to their Roth 401(k)