Hello,

The Secure 2.0 Act of 2022 will now require that effective 01/01/2024:

• that all catch-up contributions (i.e. up to $7,500 for employees over the age of 50) 
• to employer-sponsored qualified retirement plans (e.g. a 401K plan) 
• for participants earning more than $145,000 
• will be made on a Roth basis (i.e. the catch-up contributions will no longer be tax-deferred.)

 Do any of you know when SAGE Payroll is on getting the necessary changes made to the payroll processing system? Ty.