CANYON & RED ROCK 401(K) PLAN Contribution & Employer Match
How HOME CAREGIVERS PARTNERSHIP LLC Supports Your Retirement Savings
HOME CAREGIVERS PARTNERSHIP LLC provides retirement savings benefits through CANYON & RED ROCK 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.
CANYON & RED ROCK 401(K) PLAN Average Participant Retirement Account Value
CANYON & RED ROCK 401(K) PLAN Estimated Average Employee Contribution Amount
147,182.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,299.00 in CANYON & RED ROCK 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in CANYON & RED ROCK 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.
CANYON & RED ROCK 401(K) PLAN Total Employer Contribution and Match Rate
CANYON & RED ROCK 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $177.00 for 20 years would give you extra $11,373.00, 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.
CANYON & RED ROCK 401(K) PLAN Contribution & Match Policy
CANYON & RED ROCK 401(K) PLAN Contribution, Match and Other Plan Policies
- The Plan permits eligible employees through a salary deferral election to have the Company make annual contributions of up to 100% of eligible compensation.
- Employee rollover and Roth contributions are also permitted.
- Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
- For the year ended December 31, 2024 and 2023, the employer matching contributions were equal to 25% of each participant’s contributions limited to participant contributions on the first 4% of eligible compensation.
- Participants are immediately vested in their voluntary contributions plus earnings thereon.
- The Plan has a four-year vesting schedule for employer and matching contributions as noted in the table below.
- Vested Years of Service Percentage 1 25% 2 50% 3 75% 4 100% Vesting in the Company’s contribution portion of their accounts plus earnings thereon is based on years of continuous service.
- Employees are not eligible for Company contributions until after one year of service and 1,000 hours of service.
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:
| 2024 | 2025 | |
|---|---|---|
| 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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