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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
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
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