IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma
Business Management Daily
SEPTEMBER 1, 2023
The saga of 401(k) catch-up contributions under SECURE 2.0 For employees who contribute to more than one 401(k) plan during a year—an old employer’s plan and a new employer’s plan, for example—contributions into each plan would be treated separately for purposes of determining whether the $145,000 threshold has been reached.
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