'Super' Catch-up Contributions Effective Jan. 1 - Articles

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Posted by: Jarod Word on Jan 9, 2025

On Jan. 1, a new rule laid out in the SECURE 2.0 Act regarding "super" catch-up contributions went into effect. The provision increases the contribution limits for some participants of 401(k), 403(b) and 457(b) retirement plans to $10,000 or 150% of the standard limit, whichever is greater. To be eligible, clients must be between the ages of 60 and 63 at the end of the year. USA Today has more.