CULLIGAN RETIREMENT SAVINGS PLAN Contribution & Employer Match
How CULLIGAN INTERNATIONAL COMPANY Supports Your Retirement Savings
CULLIGAN INTERNATIONAL COMPANY provides retirement savings benefits through CULLIGAN RETIREMENT 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.
CULLIGAN RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
CULLIGAN RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
347,545.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,430.00 in CULLIGAN RETIREMENT SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in CULLIGAN RETIREMENT 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.
CULLIGAN RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
CULLIGAN RETIREMENT SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $1,492.00 for 20 years would give you extra $95,489.00, 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.
CULLIGAN RETIREMENT SAVINGS PLAN Contribution & Match Policy
CULLIGAN RETIREMENT SAVINGS PLAN Contribution, Match and Other Plan Policies
- Participants may contribute between 1% and 100% of pretax annual compensation subject to the applicable annual limit on pretax contributions of the Internal Revenue Code (IRC).
- Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
- Upon reaching eligibility requirements, participants with an entry date on or after January 1, 2023, are enrolled in the Plan at a deferral rate of 6%, with annual increases of 1% each up to 15% of compensation.
- During 2024, the Company contributed 50% of the first 6% of eligible compensation that a participant contributed to the Plan.
- Participants are immediately vested in their contributions, the Company’s matching contribution, and the Company’s discretionary contributions plus actual earnings thereon.
- Effective January 1, 2023, participants that were merged from the Consolidated Water Group, LLC 401(k) Plan, whose entry date is prior to January 1, 2022, and participants who were employees of Hydroviv LLC and transferred to this Plan from the Justworks Retirement Savings Plan on March 28, 2022, for purposes of non-elective contributions made prior to March 28, 2022, will be subject to the following vesting schedule: Number of Years of Service Vested as an Employee Interest Fewer than two – Two or more but less than three 20% Three or more but less than four 40% Four or more but less than five 60% Five or more but less than six 80% Six or more 100%
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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