DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Contribution & Employer Match

How DEVCON CONSTRUCTION INCORPORATED Supports Your Retirement Savings

DEVCON CONSTRUCTION INCORPORATED provides retirement savings benefits through DEVCON CONSTRUCTION, INC. 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.

DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN is $348,895.00

DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN is $13,556.00. 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.
867,609.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 13,556.00 in DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in DEVCON CONSTRUCTION, INC. 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.

DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2024, DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN allocates $7,764,097.00 to match its employees’ contributions, providing an employer match rate of 277.35% of their contributions

DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN is approximately $18,799.00
Investing in this additonal $18,799.00 for 20 years would give you extra $1,203,153.00, 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.

DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Contribution & Match Policy

DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Plan Policies

DEVCON CONSTRUCTION, INC. 401(K) RETIREMENT PLAN Contribution, Match and Other Plan Policies

  • Participants may begin deferring a portion of their compensation into the Plan on the first day of hire.
  • Effective April 12, 2024, unless affirmatively elected otherwise, automatic enrollment provisions apply to all newly eligible employees and are subject to an initial pre-tax deferral contribution of 5%.
  • Contributions to the Plan are limited to the maximum amount allowable under the provisions of the IRC.
  • The Plan Sponsor is allowed to make discretionary profit sharing contributions as defined in the Plan and as approved by the Board of Directors.
  • Vesting schedule: Years of Service: Vesting Percentage 2: 20% 3: 40% 4: 60% 5: 80% 6 or more: 100% Participants are immediately vested in their contributions plus actual earnings made thereon.

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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