Retirement Plan Roth Catch-Up Relief Won’t Be Extended, IRS Says

Recent temporary enforcement relief on swift, post-tax retirement plan catch-up contributions was a one-time respite, and sponsors should be ready by 2026, according to an IRS official speaking Thursday at the 2024 D.C. Bar Tax Conference.

Regulators took care to balance the industry’s need for more time to build record-keeping and payroll systems that can handle the new SECURE 2.0 Act (Pub. L. No. 117-328) provision with clear congressional intent to use the measure as a revenue raiser, Treasury Department Deputy Benefits Tax Counsel Helen Morrison said.

“Administrative relief of this sort is not something that we ...