In 2026, will HCSC offer a Roth 401k as the result of the Secure 2.0 Act, which requires catch up contributions for high earners be made only to a Roth 401k. Here we are in Q4 and I haven't heard anything yet. I believe if no Roth 401k option is available, then the high earner employee is not allowed to make catch up contributions. Curioyif anyone has heard anything on this from HCSC?
8 replies (most recent on top)
@dr open enrollment this year will be eye opening.
@dr they are not offering a Roth in 2026
HCSC should also add an after-tax option with in plan rollover,
I would love it! I've asked about it to HR and also raised the question to HCSC during those Empower/HCSC Retirement webinars. No idea - haven't heard.
I wish HCSC would also offer better investment fund choices - the small limited selection is quite poor. Also how about opening up the option for a 401k brokerage service thru our platform (Empower) and we can select our own low cost funds. Empower offers this on their platform - they just need HCSC to give the green light to offer it. Again, employees wouldn't be forced to use it but gives a good option for those who do. My former employer offered it and I know a few others who do as well.
I hope they add a Roth 401k option for everyone. I guess we will have to wait and see at open enrollment.
The Pension plan is probably the next to go in order to further increase bonuses for the executives.
No
To remain compliant, HCSC will stop offering 401ks and the Pension Plan in 2026. If you have any further questions, please open a MyHR ticket.