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401k catch-up deferrals are no longer being taken

in Payroll and Global Payroll Interface (GPI) 4 comments

Summary:

401k catch deferrals are no longer being processed with the first pay check in 2025. We think something was broken with the secure 2.0 Act changes. We have opted not to increase the catch-up limit for employees 60-63. I have entered an SR and provided and GMFZT log and are still awaiting a response from Oracle.
Is anyone else experiencing this isssue?

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