E1: 07: Enhancement for Secure Act 2.0 603 for an Exception Report of Employees Moved From 401K Catch Up to Roth But No Longer Qualify (Doc ID 3019220.1)

Last updated on APRIL 25, 2024

Applies to:

Symptoms

Requesting an exception report of employees moved from 401K Catch Up to Roth but in future years may no longer meet Secure Act 2.0 603 requirements of prior year compensation amount and catch up qualified.

The exception report would have processing options:
Age
Social Security Wage Limit of Prior Year
Roth DBA

It would review the Employee DBA Instruction (F06106) audit column to verify a Roth DBA was created by the new report (tentatively titled) R073222 Section 603 - 401K to Roth and write an exception to a report when the employee no longer meets the prior year compensation amount requirement for catch up.

Cause

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