Taking advantage of the mega backdoor Roth IRA can accelerate any employee’s retirement savings.

  • For a typical employee with a company 401k plan, the maximum amount they can put into their retirement account is $22,500 for 2023 ($30,000 if you’re over 50).
  • If they were to contribute to a Roth IRA, the contribution limit is just $6,500 for 2023 ($7,500 if you’re over 50).
  • With a mega backdoor Roth IRA, you can supersize your contribution limit up to $66,000 in 2023 ($73,500 if you’re over 50 years old), and the entire amount can go into a Roth account.

However, not all employees are able to take advantage of this option. It entirely depends on how your company’s 401k plan is set up.

In order for a company’s employees to be able to get a mega backdoor Roth IRA, it needs to offer two specific things:

  1. The company 401k plan must allow after-tax contributions.
  2. The company 401k plan must allow Roth conversions on after-tax conversions.

Some companies realize how big of a tax-advantage the mega backdoor Roth IRA can be, and have set up their company plans to provide the option for their employees.

Here’s a list of 50 notable companies that offer the mega backdoor Roth IRA option.

Companies that provide the mega backdoor Roth IRA

  1. Google
  2. Amazon
  3. Facebook
  4. Apple
  5. LinkedIn
  6. Uber
  7. Yahoo
  8. Salesforce
  9. Zillow
  10. Netflix
  11. Oracle
  12. Mastercard
  13. Snapchat
  14. Stripe
  15. PayPal
  16. Palantir
  17. Square
  18. Intuit
  19. Roblox
  20. Cruise
  21. ServiceNow
  22. Workday
  23. AT&T
  24. Boeing
  25. Johnson & Johnson
  26. IBM
  27. Cisco
  28. McKinsey
  29. Roku
  30. Samsung
  31. Squarespace
  32. Dell
  33. Intel
  34. Target
  35. Zoom
  36. GitHub
  37. HBO
  38. NBC
  39. Spectrum
  40. VMware
  41. Coupang
  42. Asana
  43. Zynga
  44. John Hancock
  45. L’Oreal
  46. Waymo
  47. The Trade Desk
  48. Exelon
  49. Carta
  50. Wells Fargo

Alternative option if your company does not offer the mega Backdoor Roth IRA

If your company does not provide this option, you have an alternative method that can be even better: The mega backdoor Roth solo 401k. If you have any sort of self-employment income, and have no full-time employees under your business operation, you could open a solo 401k and use it for executing the mega backdoor Roth strategy with a solo 401k.

Set up a new solo 401k in under 10 minutes

Contribute up to $66,000 and invest in any asset class with tax-free compounding†.

Anyone who makes money from a business, freelancing, or a side hustle is eligible, as long as you have no employees.

Learn More