Humana 2026

Welcome to your 2026 Humana retirement plan hub

Important updates are coming to your 401(k) plan in 2026. As your retirement plan changes, we've mapped out this step-by-step guide so you can easily see what's changing, what's not changing, and what you need to do.

Road sign with 401(k) and an arrow pointing to the right on it

401(k) plan account transfer

On January 1, 2026, Humana is rolling out a 401(k) plan called the Humana Savings & Investment Plan (the "Savings & Investment Plan"). Your account balance, contribution elections (including any auto-escalation), investment elections, outstanding loan repayment details, and beneficiary elections in the Humana Retirement Savings Plan (the "Retirement Savings Plan") will automatically transfer to the new plan. No action on your part is required to support this transfer, but you may want to review your account in the Retirement Savings Plan and make any changes prior to the transition.

Company match rate change

Your contributions will be matched at a rate of 100% of the first 5% contributed.¹You may wish to increase your own contribution rate to keep your retirement savings on track.

Use student loan payments to earn your match

If you're paying off student loans, you can receive a retirement matching contribution to your retirement plan account from Humana based on your personal student loan payments. Look for more details to come once this new feature rolls out in Q1 2026.

Additional changes

Simplified contribution structure.
For associates ages 50 and older, Humana is streamlining elective deferrals by removing the separate catch-up election and increasing payroll limits to include the catch-up amount. This also makes it easier to maximize your savings without additional steps. If you already have a catch-up contribution election on file, on January 1, 2026, your catch-up election will be automatically combined into a single pre-tax and/or Roth contribution source. For example, if your pre-tax contribution election on file is 6% and your pre-tax catch-up contribution election is 1%, on January 1, 2026, your single-source pre-tax election will reflect 7%. Please review your elections to ensure that they align with what you're looking to contribute.

Roth catch-up contribution requirement for higher earners.
Beginning in January 2026, if you're age 50 or older and earned more than $145,000 in Social Security (FICA) wages in the prior year, any catch-up contributions must be made as Roth contributions. This change is required by the SECURE 2.0 Act. If this applies to you, it's a good idea to elect to make Roth contributions before you reach the IRS deferral limit to ensure that your payroll deductions for ongoing catch-up contributions will continue smoothly.

Increased pre-tax and Roth 401(k)² contribution limits.
To help you save even more for retirement, the limit for pre-tax and Roth 401(k) contributions combined will be increased from 35% to 70% of your eligible compensation.

Increased after-tax savings flexibility.
The after-tax contribution limit is increasing from 2% to 7%, giving you even more room to save beyond traditional pre-tax and Roth 401(k) contributions.

Investment choices:
With the exception of the Stable Value Fund, the investment choices in the Savings & Investment Plan will be the same as those in the Retirement Savings Plan at the time of your account transfer. Any elections and assets in the Stable Value Fund will be directed and transferred to the Invesco Stable Value Fund. Additional investment changes will occur in February 2026. Learn more about these future fund changes.

Schwab Retirement Plan Services will remain the service provider

This creates a smooth transition by maintaining the same level of service and plan support that you're used to.

Access to your account and login

Access to your account, including your login credentials, will not change. You'll continue to have access to the same help and support that you have today.

401(k) plan features

The 401(k) plan features you are familiar with are not changing as a result of this transition. Your deferral elections, investment elections, and automatic savings increases, if applicable, will carry over.

Also not changing

Outstanding loans:
If you have a loan in the Retirement Savings Plan, your outstanding loan balance will be transferred to the Savings & Investment Plan, and your loan payments will continue uninterrupted.

Schwab Personal Choice Retirement Account^® (PCRA):
The new Savings & Investment Plan will offer a PCRA³—a self-directed brokerage account designed to complement your retirement plan core investments. If you have a PCRA in the Retirement Savings Plan, this account will transfer to the Savings & Investment Plan.

To ensure a seamless transfer, there will be a blackout period—a time when no account changes can be made. You will be notified on blackout period dates.
No action on your part is required to support this transfer, but you may want to review your current account and make any changes prior to the blackout period.
Managed account service: Through the Retirement Savings Plan and the new Savings & Investment Plan, you can receive professional management of your account for a fee.⁴ This service is provided by Morningstar Investment Management LLC, an independent registered investment advisor. If you were enrolled in the managed account service in the Retirement Savings Plan, this feature will not automatically carry over. If you'd like to continue to receive professional management of your account in the new Savings & Investment Plan, you'll need to re-enroll after the transition.

Who can help me understand how these changes impact my retirement planning?

If you have questions about these changes or want to know more about your retirement planning, book a one-on-one appointment with a Schwab financial professional.

How can I change my contribution elections to take advantage of the increased saving opportunity?

Log in to your account at workplace.schwab.com and then go to Manage Account > Contributions to change your contribution elections.

What's the difference between Roth contributions and after-tax contributions?

Roth 401(k) contributions are taxed when they're deducted from your pay and may be withdrawn tax-free in retirement. Any earnings on Roth 401(k) contributions are eligible for tax-free treatment as long as the distribution occurs at least five years after the year you made your first Roth 401(k) contribution and you have reached age 59½ or have become disabled. Roth 401(k) contributions are eligible for company match and are subject to the IRS 402(g) limit.

After-tax contributions are also taxed when they're deducted from your pay and allow you to save beyond the IRS limit placed on Roth 401(k) contributions. Unlike Roth 401(k) contributions, any earnings on after-tax contributions are taxable upon withdrawal unless they are first converted to Roth via the 401(k) plan's in-plan Roth rollover feature. After-tax contributions are not eligible for company match.

Talk to a tax advisor for help deciding which contribution types make sense for you given your retirement savings goals and personal situation.

Have a question?

Give Schwab Retirement Plan Services a call at 800-724-7526 (en español 877-905-2553). We're available from 8 a.m. to 10 p.m. ET, Monday through Friday.

Looking for advice with your retirement plan?

Schedule a complimentary appointment with the Schwab advice team. Advice is provided by Morningstar Investment Management LLC, an independent registered investment advisor.

Want to attend a virtual information session?

See the list of live and on-demand sessions here.

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1. Your employer may have a maximum match rate as well as other restrictions. Employer contributions are paid on a pre-tax basis and may be taxable at withdrawal.

2. Earnings on Roth 401(k) contributions are eligible for tax-free treatment as long as the distribution occurs at least five years after the year you made your first Roth 401(k) contribution and you have reached age 59½, have become disabled, or have died.

3. Schwab Personal Choice Retirement Account (PCRA) is offered through Charles Schwab & Co., Inc. (Member SIPC), the registered broker/dealer, which also provides other brokerage and custody services to its customers.

4. At the direction of the Plan Sponsor, Participants may have access to advice services that can provide Participants with a retirement savings and investment strategy for their Plan account, furnished by Morningstar Investment Management LLC, an independent registered investment advisor and subsidiary of Morningstar, Inc. Recommendations are formulated and provided by Morningstar Investment Management through Morningstar^® Retirement Manager^SM, an advice (non-discretionary investment advice) and managed accounts (discretionary investment advice and asset management) program which is intended for citizens or legal residents of the United States and its territories, and can be accessed through workplace.schwab.com. Morningstar Investment Management will select investment options appropriate for each Participant's strategy from the investment options available under the Plan as selected by the Plan Sponsor, Plan Administrator, or other Plan fiduciary. There is no guarantee a Participant's savings and investment strategy will provide adequate income at or through their retirement. Morningstar Investment Management is not affiliated with or an agent of Schwab Retirement Plan Services, Inc. (SRPS); Charles Schwab & Co., Inc. (CS&Co.), a federally registered investment advisor; or their affiliates. Neither SRPS, CS&Co., nor their affiliates supervise, make recommendations with respect to, or take responsibility for monitoring the advice services provided to the Participants by Morningstar Investment Management. The Morningstar name and logo are registered marks of Morningstar, Inc.

Schwab Retirement Plan Services, Inc. and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc. ("Schwab", Member SIPC, https://www.sipc.org).

Schwab Retirement Plan Services, Inc. provides recordkeeping and related services with respect to retirement plans and has provided this communication to you as part of the recordkeeping services it provides to the 401(k) Plan.