Get the free Catch-Up Form

This form allows participants to make a Catch-Up contribution election under the South Carolina 457 Deferred Compensation Plan and Trust, detailing personal information, payroll elections, and election

How to fill out catch-up form

How to fill out Catch-Up Form

1. Gather all necessary personal information, including name and contact details.
2. Review the purpose of the Catch-Up Form to understand what information is required.
3. Fill in the current academic status, including courses and grades.
4. Provide detailed explanations for any gaps in education or attendance.
5. List any additional information that may be relevant to your situation.
6. Double-check all entries for accuracy before submitting.
7. Submit the completed form to the appropriate office or individual as directed.

Who needs Catch-Up Form?

1. Students who have taken time off from their studies and need to explain their absence.
2. Individuals seeking to catch up on missed coursework or exams.
3. New students trying to clarify their academic history for enrollment procedures.

People Also Ask about

What is the special 457 B catch up?

Special 457(b) catch-up contributions, if permitted by the plan, allow a participant for 3 years prior to the normal retirement age (as specified in the plan) to contribute the lesser of: the elective deferral limit ($23,000 in 2024; $22,500 in 2023; $20,500 in 2022; $19,500 in 2020 and in 2021).

What is 403 B catch up?

Under the special 403(b) catch-up, employees of a qualified organization may contribute an increased dollar amount under IRC Section 402(g)(1) if they've completed at least 15 years of service with the organization.

At what age can you withdraw from 403b without penalty?

In 2025, the 403(b) contribution limit is $23,500. 403(b) catch-up contributions let those who are age 50 and older save an extra $7,500 in 2023, 2024, and 2025. Those ages 60 to 63 can contribute an additional $11,250 in 2025 in place of the $7,500 catch-up contribution, only if your plan allows.

What is a 403b catch-up?

Catch-ups for employees age 50 or over If permitted by the 403(b) plan, employees who are age 50 or over at the end of the calendar year can also make catch-up contributions of $7,500 in 2024 and 2023 ($6,500 in 2022, in 2021 and 2020) beyond the basic limit on elective deferrals.

What is the maximum 401k contribution for 2025 with catch up?

As a reminder, employees who are 50 and older are allowed to contribute to their employer-sponsored retirement plan additional money, known as a catch-up contribution. For 2025, the catch-up contribution is an extra $7,500 on top of the $23,500 limit for everyone else, for a total limit of $31,000.

For pdfFiller’s FAQs

What is Catch-Up Form?

The Catch-Up Form is a document used to report and reconcile any missed contributions to retirement plans, allowing individuals to catch up on their savings.

Who is required to file Catch-Up Form?

Individuals who are eligible and wish to make additional contributions to their retirement savings beyond the regular contribution limits, particularly those aged 50 and over.

How to fill out Catch-Up Form?

To fill out the Catch-Up Form, individuals need to provide their personal information, details of their retirement plan, the amount of catch-up contributions they wish to make, and any required signatures.

What is the purpose of Catch-Up Form?

The purpose of the Catch-Up Form is to facilitate the process of making additional contributions to retirement plans, ensuring individuals can increase their savings as they approach retirement.

What information must be reported on Catch-Up Form?

The information that must be reported on the Catch-Up Form includes personal identification details, retirement plan information, the amount of catch-up contributions, and any other relevant financial details.