CHARTER NEXT GENERATION, INC. 401(K) PLAN Contribution & Employer Match

How CHARTER NEXT GENERATION, INC. Supports Your Retirement Savings

CHARTER NEXT GENERATION, INC. provides retirement savings benefits through CHARTER NEXT GENERATION, INC. 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.

CHARTER NEXT GENERATION, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for CHARTER NEXT GENERATION, INC. 401(K) PLAN is $56,431.00

CHARTER NEXT GENERATION, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for CHARTER NEXT GENERATION, INC. 401(K) PLAN is $5,792.00. 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.
370,742.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,792.00 in CHARTER NEXT GENERATION, INC. 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in CHARTER NEXT GENERATION, INC. 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.

CHARTER NEXT GENERATION, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, CHARTER NEXT GENERATION, INC. 401(K) PLAN allocates $6,346,029.00 to match its employees’ contributions, providing an employer match rate of 61.56% of their contributions

CHARTER NEXT GENERATION, INC. 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in CHARTER NEXT GENERATION, INC. 401(K) PLAN is approximately $2,600.00
Investing in this additonal $2,600.00 for 20 years would give you extra $166,453.00, 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.

CHARTER NEXT GENERATION, INC. 401(K) PLAN Contribution & Match Policy

CHARTER NEXT GENERATION, INC. 401(K) PLAN Plan Policies

CHARTER NEXT GENERATION, INC. 401(K) PLAN Contribution, Match and Other Plan Policies

  • Eligible participants are permitted to elect to have a percentage, limited by Plan provisions, of their compensation contributed as pre-tax 401(k) or Roth contributions to the Plan.
  • The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.
  • Automatically enrolled participants have their deferral rate set at 3% of eligible compensation, and their contributions invested in the designated default fund until changed by the participant.
  • The Plan also includes a step up provision that increases participants’ deferral by 1% per year until a 10% deferral percentage has been reached.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • The Company has elected to operate the Plan as a safe harbor 401(k) Plan.
  • The Company’s contribution was equal to 100% of a participant’s deferral that does not exceed 4% of eligible compensation plus 50% of the participant’s deferral that exceeds 4% of eligible compensation but not to exceed 6% of eligible compensation.
  • Participants are immediately vested in their contributions plus actual earnings thereon.
  • Vesting in the Company safe harbor, profit sharing, and discretionary matching contribution portion of their accounts, plus actual earnings thereon, is based on years of credited service.
  • A participant is 100% vested after two years of credited service for safe harbor contributions and 100% vested after four years of credited service for profit sharing and discretionary matching contributions.
  • Notwithstanding the above, a participant is fully vested upon reaching normal retirement age, death, or permanent disability.

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.

Get Key Insights for This Plan

Join our community and get data-driven insights about CHARTER NEXT GENERATION, INC. 401(K) PLAN. See how it compares to peer companies in fees, match generosity, and investment quality as soon as our new ranking reports go live.

Notify Me When Ratings Go Live

Explore More Plan Resources

Plan Login Directory Employer Match Guide Rollover Options Hub

Recent Articles

More Articles

Puzzled on what to invest?

  • We ask a few questions to decide your personal return and risk expectations
  • We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a  brokerage account
  • We monitor and send timely rebalance emails on what investment funds to buy and sell

Get Started

Looking for ideas to generate income?

  • ETF or mutual fund income portfolios for 4-7% annual income
  • Dividend stock funds
  • Passive real estate investments
  • more …

Click for tips and plans for income

Portfolio Calculator (Simulator)

Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.

Customize Asset Allocation Portfolios

Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.

Retirement Calculator

See how much you can save for retirement.

Investment Calculator

Grow your wealth and see the power of compounding.


Looking for a (forgotten) 401(k)?

Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …

Keep researching CHARTER NEXT GENERATION, INC. 401(K) PLAN

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.

Related Calculators

Related Plans