BERKELEY EYE CENTER 401K PLAN Contribution & Employer Match

How BERKELEY EYE INSTITUTE, PLLC Supports Your Retirement Savings

BERKELEY EYE INSTITUTE, PLLC provides retirement savings benefits through BERKELEY EYE CENTER 401K 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.

* 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.

BERKELEY EYE CENTER 401K PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees may contribute a portion of their eligible compensation to the Plan, with contributions limited annually by the Internal Revenue Service.

2. Employer Match/Contribution Conditions: The Company made no matching contributions for 2022 and 2021.

3. Vesting Schedule/Eligibility: Company contributions vest according to the following schedule: Less than 1 year – 0%; 1 year – 25%; 2 years – 50%; 3 years – 75%; 4 or more years – 100%. Employees must be at least 18 years of age and generally complete two consecutive months of service to be eligible.