E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Contribution & Employer Match
How E.C. STYBERG ENGINEERING COMPANY Supports Your Retirement Savings
E.C. STYBERG ENGINEERING COMPANY provides retirement savings benefits through E.C. STYBERG ENGINEERING COMPANY 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.
E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Average Participant Retirement Account Value
E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Estimated Average Employee Contribution Amount
148,783.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,324.00 in E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in E.C. STYBERG ENGINEERING COMPANY 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.
E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Total Employer Contribution and Match Rate
E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $1,082.00 for 20 years would give you extra $69,262.00, 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.
E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Contribution & Match Policy
E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Contribution, Match and Other Plan Policies
- Participants can elect to contribute up to 90% of their eligible compensation as defined by the Plan, subject to certain limitations as defined within 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 to the Plan.
- The Company will match 100% of the first 6% of eligible compensation that machinist union employees contribute.
- Upon attaining 40 years of continuing service with the Plan sponsor, machinist union employees are eligible for an additional Company match of 50% of the first 6% of eligible compensation elected to be deferred, resulting in a maximum Company matching contribution of 9% of eligible compensation.
- Participants are fully vested at all times in their contributions and the earnings thereon.
- Participants become 100% vested in Company matching contributions, including the additional matching contributions, upon completion of three years of credited service.
- Prior to the completion of three years credited service, participants are not vested in the Company’s matching contributions.
E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN Maximum Employer Match Calculator
This calculator helps participants of E.C. STYBERG ENGINEERING COMPANY 401(K) PLAN to calculate the minimal bi-weekly contribution that would generate the maximum employer match allowed. It takes into account IRS annual contribution limits. Please update the annual contribution limits below if they are outdated.
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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