CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Contribution & Employer Match

How CENTRA HEALTH, INC. Supports Your Retirement Savings

CENTRA HEALTH, INC. provides retirement savings benefits through CENTRA HEALTH MATCHING TAX DEFERRED 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.

CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN is $68,561.00

CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN is $3,376.00. 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.
216,066.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,376.00 in CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in CENTRA HEALTH MATCHING TAX DEFERRED 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.

CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Total Employer Contribution and Match Rate

In 2024, CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN allocates $28,518,048.00 to match its employees’ contributions, providing an employer match rate of 83.08% of their contributions

CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN is approximately $2,617.00
Investing in this additonal $2,617.00 for 20 years would give you extra $167,491.00, 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.

CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Contribution & Match Policy

CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Plan Policies

CENTRA HEALTH MATCHING TAX DEFERRED SAVINGS PLAN Contribution, Match and Other Plan Policies

  • For the year ended December 31, 2024, participants may contribute up to $23,000 of pre-tax annual compensation subject to certain Internal Revenue Code (IRC) limitations.
  • Once eligible, participants may also contribute amounts representing distributions from other qualified retirement plans, 403(b) tax sheltered annuity plans, governmental 457(b) plans, and traditional individual retirement accounts.
  • For the year ended December 31, 2024, if a participant is eligible to make deferrals and turns 50 before the end of the calendar year, the participant may defer an additional $7,500 into the Plan as pre-tax contribution.
  • The Plan currently provides for a Plan Sponsor matching contribution of 100% of each eligible participant’s contributions up to 5% of compensation during the Plan year.
  • Participants are immediately fully vested in their voluntary contributions, including catch-up contributions, rollover contributions from other plans, Plan Sponsor contributions, and earnings thereon under the 403(b) option of the Plan.
  • Effective January 1, 2022, participants became immediately fully vested in the non-elective Plan Sponsor contributions.

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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