How to Manage 401k Catchup

unknown

Hello,
Our company offers 401K Traditional with a company match. We manage the benefit and the match with a DC benefit plan using BSI to manage limits.

We do not match the 401K Traditional Catch-up. Currently we manage the catch-up through a deduction code and some inhouse auditing.

We understand the Catch-up can be managed through a DC benefit plan with BSI managing catch-up limits. Does anyone do this? If so, could you please respond to this post or contact me at:
Maureen Murphy
Cambia Health Solutions
Maureen.murphy@cambiahealth.com
503-276-1903 (work)
501-310-2878 (Cell)

Thank you!
Maureen
BSA with Cambia

plancor

We use the BSI Group Code on HR11 Pay tab. This group is defined in BSI with overrides on the limits.