IRS Delays Roth Catch-Up Change

08/29/2023 3:34 PM | Maggie Garry (Administrator)

The IRS delayed part of the SECURE 2.0 law that was passed last December.  Employees and plan sponsors were originally scheduled to require earners making $145,000 or more to make catch-up contributions on a Roth basis instead of a Pre-tax basis effective 1/1/2024.  This has now been delayed until 2026 per IRS Notice 2023.62.    

Sioux Empire SHRM is a 501(c)6 non-profit organization. | PO Box 1302 | Sioux Falls, SD 57101 | Chapter #217

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