The SECURE Act 2.0 that was passed at the end of 2022 included a requirement that catch-up contributions for employees age 50 and older who have a prior-year compensation over $145,000 must be made on a Roth basis rather than a pre-tax basis. This requirement was previously set to take effect as of January 1, 2024; however, on August 25, 2023, the IRS issued guidance delaying the implementation of this requirement until January 1, 2026.