COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Contribution & Employer Match

How COOPERVISION MANUFACTURING PUERTO RICO, LLC Supports Your Retirement Savings

COOPERVISION MANUFACTURING PUERTO RICO, LLC provides retirement savings benefits through COOPERVISION MANUFACTURING PUERTO RICO, LLC 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.

COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN is $26,472.00

COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN is $2,011.00. 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.
128,748.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,011.00 in COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in COOPERVISION MANUFACTURING PUERTO RICO, LLC 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.

COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Total Employer Contribution and Match Rate

In 2024, COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN allocates $2,962,612.00 to match its employees’ contributions, providing an employer match rate of 72.64% of their contributions

COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN is approximately $1,245.00
Investing in this additonal $1,245.00 for 20 years would give you extra $79,700.00, 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.

COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Contribution & Match Policy

COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Plan Policies

COOPERVISION MANUFACTURING PUERTO RICO, LLC SAVINGS PLAN Contribution, Match and Other Plan Policies

  • Eligible employees may elect to make pre-tax contributions in increments of 1% up to any percentage of the participant’s gross compensation for the Plan year, excluding bonuses, or a maximum of $15,000 (catch-up contributions of $1,500 for participants of 50 years or older) in 2024 and 2023, whichever is less.
  • Effective March 1, 2017, the Plan implemented an automatic enrollment whereby all eligible participants that are not making Pre-Tax Contributions, shall be set to make an initial Pre-Tax Contribution Percentage of 2%, unless otherwise changed or opted-out.
  • For each Plan year in which the Plan is in effect, the Employer makes matching contributions equal to $1.00 for each dollar of a participant’s pretax contribution not to exceed 5% of the participants’ gross compensation, excluding bonuses.
  • Participants are immediately vested in their contributions (pre-tax and after-tax), rollover contributions, in the Employer’s qualified matching and/or qualified non-elective contributions (as defined by the Plan) plus actual earnings thereon.
  • Vesting in the profit-sharing and Employer matching contributions is based on years of credited service.
  • Such participants become vested at the rate of 25% after one year of service, plus an additional 25% for each of the next three years.
  • The cumulative vested percentage increases to 100% after four years of service.
  • Notwithstanding the above, the Participant will become fully vested in his profit-sharing and Employer matching contributions and earnings, upon the earlier of (i) reaching normal retirement age while still employed by the Employer, (ii) retirement at normal retirement age, (iii) disability, (iv) death while employed by the Employer, (v) termination of the Plan, or (vi) complete discontinuance of contributions by the Employer.

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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