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401k Super catch-up ages between 60 and 63 - solution

in Payroll and OTL - EBS (MOSC) 4 commentsAnswered

We are on EBS 12.2 with All HCM suite.

Did Oracle deliver any solution or guideline for the following super catch-up which is effective in Jan 2025?

Effective in 2025, for employees ages 60-63, the limit on catch-up contributions to 401(k), 403(b), and 457(b) retirement plans will be increased from $7,500 to the greater of either $10,000 or 150% of the regular catch-up amount for 2024

Thanks,

Irfan

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