Tag: catch-up contribution

When assessing optional provisions like emergency savings and student loan matching, Vanguard’s David Stinnett says plan sponsors should take a...

Experts from Groom Law Group and NAGDCA noted in a webinar clarifying points from the IRS’s notice that may allow...

Notice 2023-62 also announces a two-year administrative transition period for higher-income participants to designate catch-up contributions as Roth. 

SECURE 2.0 Section 603 would require catch-up contributions made by those making more than $145,000 in wages to be made...

The ERISA Industry Committee implored the IRS to clarify how sponsors can implement new Roth features and student loan matches.

The letter did not outline a timeline but identified four technical errors and ambiguities to be fixed.

Age-60 catch-ups and Roth provisions will be especially difficult for government plans to implement.

The RMD change is straightforward, but the catch-up change, not as much.

The proposal would allow catch-up contributions in 2021 and 2022 equal to the difference between an individual’s actual contributions and...