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.