IRS ANNOUNCES SECURE 2.0 CATCH-UP CONTRIBUTIONS BEING DELAYED UNTIL 2026
On Friday, August 25, 2023, the IRS announced that the section of SECURE 2.0 with respect to Catch-Up Contributions, is being delayed until 2026. This provision stated that all employees who earned compensation greater than $145,000 in the prior year must have their 401(k) elective deferral catch-up contributions be designated as Roth. This was originally Read More…