Internal Revenue Service (IRS) announced an administrative transition period that delays the requirement for participants to “Rothify” their catch-up contributions until at least 2026.
Mary Beth’s Corner Did you know Plan Sponsors spend on average 40-60 hours, or over one week annually, submitting and updating payroll files? Manual data entry using spreadsheets or other rudimentary tools has been known to be one of the most strenuous problems for business owners. This method of payroll
New mandates require catch-up contributions to be made as Roth starting 2024 and increased catch limits starting in 2025.
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