BASA RESOURCES, INC. 401(K) PLAN Contribution & Employer Match

How BASA RESOURCES, INC. Supports Your Retirement Savings

BASA RESOURCES, INC. provides retirement savings benefits through BASA RESOURCES, INC. 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

BASA RESOURCES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for BASA RESOURCES, INC. 401(K) PLAN is $117,170.00

BASA RESOURCES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for BASA RESOURCES, INC. 401(K) PLAN is $7,472.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
478,233.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,472.00 in BASA RESOURCES, INC. 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in BASA RESOURCES, INC. 401(K) PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

BASA RESOURCES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, BASA RESOURCES, INC. 401(K) PLAN allocates $987,079.00 to match its employees’ contributions, providing an employer match rate of 65.72% of their contributions

BASA RESOURCES, INC. 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in BASA RESOURCES, INC. 401(K) PLAN is approximately $4,406.00
Investing in this additonal $4,406.00 for 20 years would give you extra $282,022.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

BASA RESOURCES, INC. 401(K) PLAN Contribution & Match Policy

BASA RESOURCES, INC. 401(K) PLAN Plan Policies

BASA RESOURCES, INC. 401(K) PLAN Contribution, Match and Other Plan Policies

  • Participants can elect to contribute to the Plan up to 100% of their compensation on a pre-tax basis, after-tax basis or a combination of both.
  • The maximum contributions allowed by the Internal Revenue Service was $22,500 and $20,500 for the years 2023 and 2022, respectively.
  • Participating employees are eligible to make catch-up contributions under the Plan provided the participating employees have attained or will attain the age of 50 before the close of the year.
  • The amount of catch-up contributions allowed by the Internal Revenue Service was $7,500 and $6,500 for 2023 and 2022, respectively.
  • The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.
  • Automatically enrolled participants have their deferral rate set at 4% of eligible compensation and their contributions are invested in a designated balanced fund until changed by the participant.
  • Participants with a deferral rate greater than zero will have their deferral rate increased annually by 1% per year, up to a maximum deferral rate of 8%.
  • For the years ended December 31, 2023 and 2022, the Company made a matching contribution of 100% of each participant’s 401(k) contribution up to 6% of the participant’s compensation.
  • The catch-up contributions are excluded in calculating the matching contribution.
  • Vesting schedule: Years in Service Vested Percentage Less than one year 0% One year 20% Two years 40% Three years 60% Four years 80% Five or more years 100% Employee contributions, Roth contributions and rollover contributions are immediately 100% vested.
  • Vesting of all employer contributions occurs at the following rates for employees enrolled in the Plan.

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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