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: