Oracle HCM Payroll | Secure Act Final Regulation for Catchup 2027
Han anyone implemented / implementing the 401k Secure Act Final Regulation for Catchup 2027? As per the new regulation this is how the deduction should behave once the limit for the Before Tax and Roth of 24500 is reached.
Earnings | BT % | BT Deduction | Roth % | Roth Deduction | YTD Limit | Catch-up % | Catch-up |
|---|---|---|---|---|---|---|---|
10,000 | 10% | 1,000 | 10% | 1,000 | 2,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 4,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 6,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 8,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 10,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 12,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 14,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 16,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 18,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 20,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 22,000 | 20% | 0 |
10,000 | 10% | 1,000 | 10% | 1,000 | 24,000 | 10% | 0 |
10,000 | 10% | 1,000 | 0 | -500 | 24,500 | 0 | 1,500 |
10,000 | 10% | 1,000 | 10% | -1,000 |
| 20% | 2,000 |
10,000 | 10% | 1,000 | 10% | -1,000 |
| 20% | 2,000 |
10,000 | 10% | 1,000 | 10% | -1,000 |
| 20% | 2,000 |
10,000 | 10% | 500 | 10% | -500 |
| 20% | 500 |