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Nov 18, 2009 at 09:18 PM

Benefits - 401k Catch-up Plan start date



we have a requirement in our client place where for 401k catch-up plan employees need to be allowed to enroll in the catch-up contribution, in the year that they will be turning 50 years of age. E.g., if an employee turns 50 in November of next year, he/she needs to be able to enroll in the catch-up contribution on 01/01/2010.

I would really apprecaite if someone can help me on this regard!!!

Edited by: rajhcm on Nov 18, 2009 11:35 PM