Stay informed about the latest Ohio DC employer news. The "Ohio DC Employer Insights" newsletter has information about retirement planning, financial wellness for your employees, Plan changes, and industry news.

Employer Survey

Ohio DC sent out an employer survey during the first week of September. The survey provides you with the opportunity to update and confirm your employer contact information and pay dates. In addition, there are a few questions for you to answer that will help us with future changes and enhancements. If you have not sent back your survey, please do so. We appreciate your assistance and input.

Age 60-63 Catch-up

Effective January 1, 2025, Section 109 of the SECURE 2.0 Act introduces a new annual catch-up contribution limit for participants in the calendar years when they turn age 60, 61, 62, or 63. The new Age 60-63 catch-up contribution limit is the greater of $10,000 or 150% or the regular catch-up amount ($7,500).

Contribution limits for 2025 should be recalculated by the IRS in early November due to inflation, which would change the limits shown in the examples above.

Participants wanting to take advantage of the new Age 60-63 catch-up limit should contact the Service Center at 877-644-6457. Employers will be informed of any contribution changes for their employees effective in 2025 through the normal change report process already established with Ohio DC. Share this information with your employees.

Employer Webinar

The goal for this employer-only webinar is to support you with helping your employees prepare for retirement. We will provide you with information to explain why general financial wellness and retirement savings are important not only to your employees, but to you as an employer.

Join us on Tuesday, October 22 at 9 a.m. for our one-hour employer-only webinar. This is an online event, please register ahead of time!

Information for Your Employees

National Retirement Security Month

October is National Retirement Security Month (NRSM). Take a moment to check up on your retirement security and financial wellness. Building healthy financial habits and making contributions to your retirement savings are keys to providing stability and comfort for yourself and your employees. Whether you're trying to accumulate savings, develop withdrawal strategies or adjust your approach, we're here to give support!

During NRSM, encourage your employees to attend any of the Ohio DC webinars listed below.

Ohio DC Participant Webinars

Ohio DC offers webinars on a variety of topics. Please share this link with your employees, so they can register for any upcoming webinar of interest. October webinar topics include:

Approaching Retirement - Beyond the Basics: October 2 & 30
Women & Retirement: October 9
Approaching Retirement - Preparing to Retire: October 23

If employees can't join one of the live webinars, they are recorded, so they can watch them at their convenience.