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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.
SuitePeople U.S. Payroll: 457(b) Catch-Up Contributions for Employees Aged 60 – 63
This notice is intended for customers who are using SuitePeople U.S. Payroll. In line with Secure Act. 2.0 provisions, SuitePeople U.S. Payroll will now support 457(b) higher catch-up contributions of employees between the ages of 60 and 63.
What is Changing?
Starting May 23, 2025, NetSuite will support additional higher catch-up and special 457(b) catch-up contributions for employees aged 60 – 63 with the following new payroll items:
Payroll Item | Annual Limit (2025) |
|---|---|
457(b) Catch-Up | |
Govt. EE 457(b)-Catch-Up-60-63 | $11,250 |
Govt. EE 457(b) Roth-Catch up 60-63 | $11,250 |
Special 457(b) Catch-Up | |
Govt. EE 457(b) - Catch-up, Additional - 3 Years to Retirement-ROTH | $23,500 |
Important:
- As per IRS guidelines, an employee can only have one type of 457(b) catch-up contribution assigned. For compliance, ensure that an employee is assigned either the special 457(b) catch-up or any of the additional catch-up contribution payroll items.
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
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