Andrew Brignone

Aug 31, 2023 | jdsupra.com | Rosemary Becchi |Andrew Brignone |Christopher Humes

On Friday, Aug. 25, 2023, the IRS released Notice 23-62, which (i) clarifies that plan sponsors may continue to allow participant “age 50” catch-up contributions after Dec. 31, 2023, and (ii) delays implementation of the mandatory Roth‑ification of catch-up contributions for certain high-paid participants until the first taxable year after Dec. 31, 2025. Take a Deep Breath: Catch-Up Contributions Can Continue After Dec.

Aug 31, 2023 | jdsupra.com | Rosemary Becchi |Andrew Brignone |Christopher Humes

On Friday, Aug. 25, 2023, the IRS released Notice 23-62, which (i) clarifies that plan sponsors may continue to allow participant “age 50” catch-up contributions after Dec. 31, 2023, and (ii) delays implementation of the mandatory Roth‑ification of catch-up contributions for certain high-paid participants until the first taxable year after Dec. 31, 2025. Take a Deep Breath: Catch-Up Contributions Can Continue After Dec.