Oracle has updated JD Edwards EnterpriseOne Human Capital Management (HCM) to support provisions of the U.S. Secure Act 2.0. The release includes new processing options and reports for Sections 603 and 109, enabling organizations running JD Edwards EnterpriseOne to comply with updated retirement contribution rules.
What’s new
- Section 603 – “401K to Roth” catch‑up contributions: New processing options and a report (R073222) allow catch‑up contributions to be treated as Roth contributions, aligning with Secure Act 2.0 requirements ([docs.oracle.com](https://docs.oracle.com/en/applications/jd-edwards/human-capital/9.2/eoahf/secure-act-2-0.html?utm_source=openai)).
- Section 109 – Higher catch‑up limit: A new report (R073223) and processing options enable the increased catch‑up contribution limits for individuals aged 60–63 ([docs.oracle.com](https://docs.oracle.com/en/applications/jd-edwards/human-capital/9.2/eoahf/secure-act-2-0.html?utm_source=openai)).
Who should care
Organizations running JD Edwards EnterpriseOne HCM Fundamentals and Payroll must implement these updates to ensure compliance with Secure Act 2.0 Sections 603 and 109.
What to do now
- Review the updated HCM Fundamentals Implementation Guide to understand the new processing options and reports R073222 and R073223.
- In your development or test environment, configure and run the Section 603 – 401K to Roth report and Section 109 – Higher Catch‑Up Limit report to validate results.
- Ensure your Payroll team is aware of the changes and can interpret the new report outputs correctly.
- Plan deployment to production once tested. Suppora can help assess the impact on your JDE environment.
- Monitor IRS guidance and update documentation as needed.
Source: Oracle Blogs