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• After-tax retirement savings plan offered through the South Carolina Deferred Compensation Program . This plan allows employees to set aside after-tax money that they will be able to access tax-free in their retirement. The name "401(k)" comes from the portion of the Internal Revenue Code from which this type of plan was created.

  South Carolina Retirement Systems - Cite This Source - This Definition
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  Cite Definition for Roth 401(k) Savings Plan

  American Psychological Association (APA)

  Roth 401(k) Savings Plan. (n.d.). SCRS Glossary. Retrieved April 2, 2023, from website: http://www.expertglossary.com/definition/roth-401-k-savings-plan.

  Chicago Manual of Style (CMS)

  Roth 401(k) Savings Plan. www.retirement.sc.gov. SCRS Glossary. South Carolina Retirement Systems. http://www.expertglossary.com/definition/roth-401-k-savings-plan (accessed: April 2, 2023).

  Modern Language Association (MLA)

  "Roth 401(k) Savings Plan." SCRS Glossary. South Carolina Retirement Systems. 2 April. 2023 http://www.expertglossary.com/definition/roth-401-k-savings-plan.

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