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Is it possible to have an additional catch up element for 401K and Roth 401K?

in Human Capital Management 2 comments

I have a question regarding potential updates to Oracle’s system for compliance with the new SECURE Act 2.0 provisions. Specifically:

  1. Is it possible to configure an additional catch-up element in Oracle for 401(k) and Roth 401(k) plans?

This new catch-up element applies only in the USA.
It has a catch-up limit of $10,750, effective for 2025.
It is eligible only for individuals aged 60-63 (similar to the current catch-up logic for individuals aged 50+).

2)Has Oracle released guidance, updates, or configuration options to accommodate these new requirements?

If this capability is not yet available, is there a timeline for updates, or can Oracle provide steps for configuring such an element manually?

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