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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
View Your 2025 Community Recap
Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
Season’s greetings to you and yours! As we head into the holidays (December 24 – January 4), we want to take a moment to celebrate the incredible strength and collaboration within our community. Even during the break, you can continue to benefit from connecting with peers, searching related threads, posting your questions, and marking helpful replies as “Accepted” in the Support Community.
Please note our dedicated team will be on reduced coverage during this time, and regular responsiveness will resume on January 5. Wishing you a joyful and restful holiday season!
-The NetSuite Support Community Team
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
In case you know someone who is new to NetSuite, we encourage you to direct them to our newly launched "New to NetSuite" page. This page is specifically designed to offer them information and guidance and help them make the most out of their NetSuite journey. Click here for more details.