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Can you have 401(k) catch up without having a stand along catch up element
Summary:
Our 401(k) plan allows employees who are over the age of 50 to take advantage of the IRS catch-up provisions which allow older employees to contribute to the 401(k) above and beyond the standard 402g limit ($23,500 for 2025). We do not want to have a stand along catch-up element. Instead, when someone who is age 50 or above reaches the limit of $23,500, we want their 401(k) deductions to continue until they reach the catch-up limits permitted by law based on their age. We are being told by our developers that Oracle HCM does not support
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