IRS

New 401(k) and 403(b) plans established after December 29, 2022, must automatically enroll eligible employees at a contribution rate of at least 3% of their pay. This rate will increase…

Individuals aged 60-63 can contribute up to $11,250 in catch-up contributions to workplace retirement plans. Employees earning more than $145,000 annually will be required to make catch-up contributions as after-tax…