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TREAS/IRS RIN: 1545-BR11 Publication ID: Fall 2024 
Title: SECURE 2.0 Act Updates to Catch-up Contribution Rules Under Section 414(v) 
Abstract:

Proposed regulation: (1) implementing section 414(v)(7) of the Internal Revenue Code (Code), as added by section 603 of Pub. L. 117-328, Division T (the SECURE 2.0 Act), which generally requires that, for a plan participant in a qualified plan (401(k) plan), 403(b) plan, or governmental 457(b) plan whose FICA wages for the preceding calendar year from the employer sponsoring the plan exceeded $145,000 (as indexed), any catch-up contributions made on behalf of that participant must be made on a Roth basis; and (2) reflecting the increased catch-up contribution limits permitted under section 414(v)(2) of the Code, as revised by sections 109 and 117 of the SECURE 2.0 Act, with respect to individuals who have attained age 60 but not age 64, and individuals participating in certain SIMPLE plans, respectively.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.402(g)-2    26 CFR 1.414(v)-1    26 CFR 1.414(v)-2 (new)   
Legal Authority: 26 U.S.C. 414(v)(7)    26 U.S.C. 7805    Pub. L. 117-328, secs. 109, 117 and 603 (SECURE 2.0 Act)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2024 
Additional Information: Drafter attorney: Jessica Weinberger, (202) 317-6349 Reviewer attorney: Jason Levine, (202) 317-4117 Treasury attorney: William Evans, (202) 622-1332 REG-101268-24 (NPRM) CC:EEE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BP81 
Agency Contact:
Jessica S. Weinberger
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW, Room 4428,
Washington, DC 20224
Phone:202 317-6349
Email: jessica.s.weinberger@irscounsel.treas.gov