The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) expanded the "catchup" concept by adding the Age 50+ Catch-up, and making it available to 401(k), 403(b) and governmental 457(b) participants. Unlike the traditional forms of 403(b) and 457 Catch-up, the Age 50+ Catch-up based on age and not on past deferrals. Depending on plan type, the Age 50+ Catchup may or may not be used with other forms of Catch-up.
- 48.08 KB File Size
- October 12, 2008 Create Date
- January 21, 2020 Last Updated