September 2023

Roth Catch-Up Requirement

We are writing to you today to follow up on the latest news that the IRS has issued Notice 2023-62, which provides plan sponsors a two-year delay for the Roth Catch-up contribution requirement for employees making $145,000 or more in the prior calendar year. This means that the Roth Catch-up contribution requirement will now be effective for taxable years beginning after December 31, 2025.

If you have any questions, please do not hesitate to contact your Plan Administrator.

Sincerely,

Your Team at Benefit Professionals, Inc.