CARGOLUX 401(K) RETIREMENT PLAN Contribution & Employer Match

How CARGOLUX AIRLINES INTERNATIONAL Supports Your Retirement Savings

CARGOLUX AIRLINES INTERNATIONAL provides retirement savings benefits through CARGOLUX 401(K) RETIREMENT 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.

CARGOLUX 401(K) RETIREMENT PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for CARGOLUX 401(K) RETIREMENT PLAN is $133,151.00

CARGOLUX 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for CARGOLUX 401(K) RETIREMENT PLAN is $5,410.00. 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.
346,258.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,410.00 in CARGOLUX 401(K) RETIREMENT PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in CARGOLUX 401(K) RETIREMENT 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.

CARGOLUX 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2024, CARGOLUX 401(K) RETIREMENT PLAN allocates $692,789.00 to match its employees’ contributions, providing an employer match rate of 71.54% of their contributions

CARGOLUX 401(K) RETIREMENT PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in CARGOLUX 401(K) RETIREMENT PLAN is approximately $3,785.00
Investing in this additonal $3,785.00 for 20 years would give you extra $242,286.00, 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.

CARGOLUX 401(K) RETIREMENT PLAN Contribution & Match Policy

CARGOLUX 401(K) RETIREMENT PLAN Plan Policies

CARGOLUX 401(K) RETIREMENT PLAN Contribution, Match and Other Plan Policies

  • Participants may contribute up to 100% of pre-tax and after-tax compensation, as defined in the Plan document, up to the annual limitation allowed by the Internal Revenue Code ("IRC").
  • The Plan includes an automatic salary deferral feature.
  • The Company will automatically withhold 6% of a participant’s compensation from each payroll period and contribute that amount to the Plan as a pre-tax elective deferral contribution.
  • Participants who are automatically enrolled in the Plan will increase their contribution 1% each year until a maximum of 10%.
  • They may elect an alternate deferral amount or elect not to defer under the Plan.
  • Participants who have attained the age 50 before close of the Plan year are eligible to make additional elective deferrals in accordance with, and subject to the limitations of, IRC Section 414(v).
  • Employer discretionary matching contributions are equal to 100% of elective deferrals up to 6% of participants eligible compensation.
  • For employees that were hired prior to June 1, 2012, the employer discretionary matching percentage is 100% of elective deferrals up to 11.5% of participants eligible compensation.
  • Participants are vested immediately in their voluntary contributions plus actual earnings thereon. When a participant withdraws, from the Plan, prior to becoming fully vested, the nonvested portion of the participants account is forfeited. Employer discretionary matching and profit-sharing contributions are vested based on a six-year graded
  • Less than 2 years: 0%

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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