Secure 2.0 Updates

The current process for a high earner finishing 401(k) contributions and starting Roth contributions on the same payroll requires us to remove the W-2 category from the 401(k) deduction. This removes the contribution-limit safeguard for all employees, creating a risk of over-contributions.

Additionally, the 401(k) contribution is not appearing on the 401(k) report, creating a risk of missed or untimely contributions.

We need this process reviewed and corrected at the system level so that:

• A highly compensated employee can finish their 401(k) contribution and begin Roth contributions on the same payroll without requiring the W-2 category to be removed.

• The contribution-limit safeguard remains in place for all other employees.

• All 401(k) contributions continue to appear correctly on the 401(k) report and integrations.

• Contributions are not placed at risk of being missed or transmitted late.