Override Deferred Compensation Catch-Up Limits for ages 60 through 63

In Section 109 of SECURE 2.0 Act, the catch-up contribution limit for employees aged 60 through 63 is the greater of:

• $10,000 indexed

• 150% of the standard age catch-up limit in IRC § 414(v)

You can manage the limits through these calculation value definitions.

• Deferred Compensation 401k Special Age Catch-Up Annual Limit

• Deferred Compensation 403b Special Age Catch-Up Annual Limit

• Deferred Compensation 457 Special Age Catch-Up Annual Limit

Note:

For any deferred compensation elements you defined before the 24D enhancement, run the Feature Upgrade flow and select Upgrade elements for age-based catch-up deferrals and limit enhancement.

The element template automatically includes these updates for deferred compensation elements you create after the enhancement.

If your retirement plan doesn't allow this age 60 through 63 catch-up limit, you need to the override default amount at the legislative data group (LDG) level.

1. Start the Calculation Value Definitions task.

2. Enter your US LDG.

3. Search for and select one of the following.

   • Deferred Compensation 401k Special Age Catch-Up Annual Limit

   • Deferred Compensation 403b Special Age Catch-Up Annual Limit

   • Deferred Compensation 457 Special Age Catch-Up Annual Limit

4. In Calculation Values, click Add Row.

5. Enter the following.

   Column header	What you enter
   From Value	0
   To Value	99,999,999
   Calculation Type Override	NA
   Flat Amount	Standard age-50 and older catch-up limit for the year Note: This limit is indexed annually. Until your plan adopts the enhanced Section 109 limit, it's your responsibility to keep this value up-to-date.

6. Select Submit.

7. Repeat these steps for the other three calculation value definitions.