How to Manage 401k Catchup

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

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Comments

plancor

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

Legacy Contributor

Thank you for your response! May we contact you to talk further about your management of the catch-up? If so, what is your email and phone contact information?
Thank you so much,
Maureen

plancor

plancor@stcharlesil.gov

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