How do you add the catch-up provision for the 401k when an employee is over 50 years old?

You can add the catch-up provision for the 401(k) to your employee over 50 years old by setting up in their employee's profile, Richard.

Here's how:

1. Go to Payroll, then Employees.
2. Locate the employee.
3. In the Deductions & contributions section, select Start or Edit.
4. Click + Add deduction/contribution.
5. In the Deduction/contribution dropdown, choose 401(k) Catch-up.
   
6. Enter the necessary details.
7. Hit Save, then Done.

Please know that the Form W-2 reports contributions you and your workers made towards a retirement plan. Therefore, ensure that the amounts are reflected in their paychecks on their next pay.

To know more about the employee contribution limits, see this material: Set up or change a retirement plan.

You can also visit the IRS's 401(k) Resource Guide for more information.

Feel free to get in touch with us if you have other payroll-related concerns.