If your Calendar Year (CY) 2025 retirement savings 401(k) payroll deductions were suspended because of maximizing your IRS contribution limits, please remember to check your Jan. 8 pay statement—the first for the New Year. Your 401(k) weekly deductions should reflect your last deduction just prior to being stopped.
Following are examples of what the Internal Revenue Service (IRS) published for CY 2026:
- The elective salary deferral limit (Pre-tax) has increased from $23,500 to $24,500. Note: This limit is shared with both Pre-tax and the After-Tax Roth contributions.
- The annual compensation limit has increased from $350,000 to $360,000.
- The annual catch-up deferral limit (age 50 or over) has increased from $7,500 to $8,000.
- Note: The catch-up limit for Age 60, 61, 62, & 63 of $11,250 did not change.
To review these and other changes, go to the UCOR HUB Benefit’s space and scroll down to the United Cleanup Oak Ridge Retirement Savings Plan 401(k) section.
Reminder: Changes made to your 401(k) deductions normally require two weeks to complete, so please plan accordingly.
Fidelity can be contacted by either calling 800-835-5095 or by logging into your account www.netbenefits.com.
For additional questions contact Benefits 865-241-1354 and/or Benefits@orcc.doe.gov.
