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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
View Your 2025 Community Recap
Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
Action Required: Setting up Automatic Catch-Up Age 60 – 63 Calculations
This notice is intended for customers who are using SuitePeople U.S. Payroll. In compliance with Section 109 of the Secure Act. 2.0, SuitePeople U.S. Payroll is supporting higher catch-up contributions for employees between the ages of 60 and 63.
What is Changing?
Starting March 14, 2025, the following new payroll items will be available in NetSuite to support additional higher catch-up contributions for employees aged 60 to 63.
Payroll Item | Annual Limit (2025) |
|---|---|
401(k) Catch-Up 60-63 | $11,250 |
401(k) Roth-Catch-Up 60-63 | $11,250 |
403(b) Catch-Up 60-63 | $11,250 |
403(b) Roth-Catch-Up 60-63 | $11,250 |
SEP 408(k)(6) Catch-Up 60-63 | $11,250 |
Simple 408(p) Catch-Up 60-63 | $5,250 |
You can set a preference to automatically calculate the higher catch-up contributions for employees ages 60 to 63. NetSuite automatically calculates the catch-up contributions for employees who meet the following criteria:
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
In case you know someone who is new to NetSuite, we encourage you to direct them to our newly launched "New to NetSuite" page. This page is specifically designed to offer them information and guidance and help them make the most out of their NetSuite journey. Click here for more details.