Big changes are coming for 401(k) retirement plan contributions in 2025 and 2026. These updates, straight from the SECURE Act 2.0, offer new options to help certain participants save more. Here’s what’s new:
Super Catch-Up: Starting on January 1, 2025, participants who are age 60, 61, 62, and -63 can save even more for retirement.
What are catch up contributions? Employers have the option to adopt this new limit, but careful consideration of participant needs, payroll capabilities, and recordkeeper functionality is essential. CrossPlans can help.
Roth Requirement for High Earners: Beginning in 2026, those 50+ earning over $145,000 will need to make catch-up contributions to a Roth account There is some possibility this does not come to fruition, but it is current on track for 2026. Subject to change and CrossPlans is actively monitoring this.
CrossPlans
Dana Point, CA
714.210.4164
949.387.0611 Fax
Comments