BERWIND CORPORATION 401(K) SAVINGS PLAN Contribution & Employer Match

How BERWIND CORPORATION Supports Your Retirement Savings

BERWIND CORPORATION provides retirement savings benefits through BERWIND CORPORATION 401(K) SAVINGS 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.

BERWIND CORPORATION 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for BERWIND CORPORATION 401(K) SAVINGS PLAN is $281,038.00

BERWIND CORPORATION 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for BERWIND CORPORATION 401(K) SAVINGS PLAN is $10,640.00. 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.
680,987.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,640.00 in BERWIND CORPORATION 401(K) SAVINGS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in BERWIND CORPORATION 401(K) SAVINGS 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.

BERWIND CORPORATION 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2024, BERWIND CORPORATION 401(K) SAVINGS PLAN allocates $735,054.00 to match its employees’ contributions, providing an employer match rate of 41.87% of their contributions

BERWIND CORPORATION 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in BERWIND CORPORATION 401(K) SAVINGS PLAN is approximately $4,248.00
Investing in this additonal $4,248.00 for 20 years would give you extra $271,927.00, 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.

BERWIND CORPORATION 401(K) SAVINGS PLAN Contribution & Match Policy

BERWIND CORPORATION 401(K) SAVINGS PLAN Plan Policies

BERWIND CORPORATION 401(K) SAVINGS PLAN Contribution, Match and Other Plan Policies

  • Participants may contribute pretax contributions of 1% to 60% of their compensation, as defined in the Plan.
  • Participants aged 50 and older may make catch-up contributions.
  • Participants may contribute Roth contributions of 1% to 60% of their compensation, as defined in the Plan.
  • Participants that do not accrue benefits under a separate defined benefit pension plan sponsored by the Company (Non-grandfathered participants) are automatically enrolled in deferral contributions with an initial contribution rate of 3%.
  • Each year after the first year of participation, this contribution rate is increased by 1% up to 6% of compensation.
  • Additionally, a safe harbor contribution is matched at 100% of the first 1% of compensation plus 50% of the next 5% of compensation (Safe Harbor Match).
  • Participants that accrue benefits under a separate defined benefit pension plan sponsored by the Company (Grandfathered participants) receive matching contributions in one of two ways: If participant’s compensation in the prior year, including bonus, was less than the Internal Revenue Service (IRS) threshold to be considered a highly compensated employee (HCE), the participant receives the Safe Harbor Match.
  • If the participant does not qualify for the Safe Harbor Match, the participant receives a matching contribution in an amount equal to 50% of deferral contributions (including catch-up contributions) up to 4% of compensation with a maximum matching contribution of $1,000, determined on an annual basis.
  • In addition, Non-grandfathered participants with 1,000 hours of service during the Plan year also receive an annual non-elective Company contribution in an amount equal to 3% of compensation.
  • Vesting schedule for Company matching contributions (hired on or after January 1, 2017): 2 years of credited service: 100% Vesting schedule for non-elective contributions (hired on or after January 1, 2017): 5 years: 100% Participants that were hired prior to January 1, 2017, including Grandfathered participants, were immediately fully vested in their account balances.
  • However, they are immediately vested in their contributions plus actual earnings thereon.

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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