Proposed regulations: Guidance on catch-up contributions to retirement plans

Proposed regulations reflect statutory changes made by the “SECURE 2.0 Act of 2022”

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January 10, 2025

The U.S. Treasury Department and IRS today issued proposed regulations (REG-101268-24) that would provide guidance for retirement plans that permit participants who have attained age 50 to make additional elective deferrals that are catch-up contributions. 

The proposed regulations reflect statutory changes made by the “SECURE 2.0 Act of 2022” (SECURE 2.0 Act), including the requirement that catch-up contributions made by certain eligible higher-income participants be designated as after-tax Roth contributions.

As explained in a related IRS release—IR-2025-7 (January 10, 2025)—the proposed regulations provide guidance for plan administrators to implement and comply with the new Roth catch-up rule and reflect comments received in response to Notice 2023-62 issued in August 2023.

Comments on the proposed regulations, as well as requests to speak and outlines for topics to be discussed at the public hearing (scheduled for April 7, 2025, at 10:00 AM ET), are due by March 14, 2025. If no outlines are received by that date, the public hearing will be cancelled.

 

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