McNees’ Benefits Group will be issuing a “Did you know?” series throughout the year providing short compliance reminders.
Did you know that the IRS has published cost of living adjustments for retirement plans for the year 2026?
- The limit on elective deferrals into a 401(k) plan is increased from $23,500 to $24,500.
- The limit on age 50 and older catch-up contributions is increased from $7,500 to $8,000.
- The limit on age 60-63 super catch-up contributions stays at $11,250.
- The total employee and employer contribution that can be made to a defined contribution plan is increased from $70,000 to $72,000.
- Roth catch-up threshold is increased from $145,000 to $150,000.
- Highly compensated employee threshold remains at $160,000.
- The annual compensation amount is increased to $360,000.
For more information regarding compliance for your benefit plans, contact any member of the McNees Labor and Employment Group.