Secure 2.0 ACT 2025 in Fusion HCM || Super Catch-up Contributions

Age Catch-Up Deferrals and Limit Enhancements

As of January 1, 2025, the age catch-up deferrals allowed for employees who are of age 60 through 63 is increased to a higher limit.

These limits are delivered through these value definitions.

Deferred Compensation 401k Special Age Catch-Up Annual Limit

Deferred Compensation 403b Special Age Catch-Up Annual Limit

Deferred Compensation 457 Special Age Catch-Up Annual Limit

To check if this limit has been updated in the system navigate to "Value Calculation Definition" and search for "Deferred Compensation 401k Special Age Catch-Up Annual Limit" it will show you "11250" value and same you can search for "Deferred Compensation 403b Special Age Catch-Up Annual Limit" and "Deferred Compensation 457 Special Age Catch-Up Annual Limit".

Steps to create object group(Will be used in a process to upgrade element)

1. Navigate to Object Group click on + icon to create.

2. Enter Details according to below ss

3. Click on Next and click on create + icon under Element Classification.

4. Next scroll down and click on create + icon under Element to add element name.

Steps to Upgrade the element

1. Go to "Submit a Flow" task and select "US Legislative Data Group" and search for "Run Feature Upgrade" next click on it.

2. Next enter below details

     Payroll Flow  - Give any custom name. 

     Feature           - "Upgrade elements for age-based catch-up deferrals and limit enhancement"

     Additional Information - "Upgrade401k" The object group created in above step.

3. Submit the task and wait for completion. Now run the payroll and it will start deducting the catchup contribution.

I have upgrade the elements and Successfully setup the configuration. If you need any help on this please join my telegram group Click Here to Join Telegram

Enable Advance Edit in Fusion HCM Extracts

How to Enable Advance Edit in Fusion HCM Extracts

In Fusion HCM Extracts, the Advance Edit option is no longer available after the 24D update. Follow the steps below to restore or enable this feature:

1. Navigate to Setup and Maintenance.
2. Search for 'Manage Common Lookups'.
3. Search for the Lookup Type: 'ORA_PER_EXT_CONFIG'.
4. Add a new Lookup Code: 'EXT_PUI_ENABLE' and set its Meaning to 'YES'.
5. Click Save and Close.

Note: These steps should help restore or enable the Advance Edit option in Fusion HCM Extracts.