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Where do we can change the 401k Catch-up Limit

in Payroll and Global Payroll Interface (GPI) 8 comments

Summary:

we need to setup the system to allow individuals ages 60 through 63 years old to be able to make catchup contribution up to $100000 annually to a workplace 401k plan. the catchup amount for people age 50 and older in 2023 is currenlty $7500.

Content (please ensure you mask any confidential information):

we need to setup the system to allow individuals ages 60 through 63 years old to be able to make catchup contribution up to $100000 annually to a workplace 401k plan. the catchup amount for people age 50 and older in 2023 is currenlty $7500.

Version (include the version you are using, if applicable):



Code Snippet (add any code snippets that support your topic, if applicable):

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