Are you planning to make some changes to your 401(k)-retirement savings account for calendar year (CY) 2026? To help with your planning, you will find the Cost-of-Living Adjustments (COLA) in the UCOR Hub Benefits space.
Following are examples of what the Internal Revenue Service (IRS) has been 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.
Compensation Limits: For your planning, please note the following information about the IRS’s Annual Compensation limits:
- After you reach your annual compensation limit, the Company Match will be suspended.
- Also, after you reach your annual compensation limit, you may continue to defer elections (either Pre-tax or After-tax Roth) until the 401(k) Pre-tax limit is reached.
- After both your annual compensation and Pre-tax/After-tax Roth limits are met, you cannot defer any additional Pre- or After-tax contributions until the new calendar year.
- Once you complete all limits, it is your responsibility to review your pay statements to ensure their deferrals are correct for the new calendar year.
To review these and other changes, go to the UCOR HUB Benefit’s space if you have access 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 plan accordingly.
Fidelity can be contacted by either calling 800-835-5095 or by logging into your account www.netbenefits.com.
