EFSC INCENTIVE SAVINGS PLAN Contribution & Employer Match
How ENTERPRISE FINANCIAL SERVICES CORP Supports Your Retirement Savings
ENTERPRISE FINANCIAL SERVICES CORP provides retirement savings benefits through EFSC INCENTIVE 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.
EFSC INCENTIVE SAVINGS PLAN Average Participant Retirement Account Value
EFSC INCENTIVE SAVINGS PLAN Estimated Average Employee Contribution Amount
453,978.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,093.00 in EFSC INCENTIVE SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in EFSC INCENTIVE 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.
EFSC INCENTIVE SAVINGS PLAN Total Employer Contribution and Match Rate
EFSC INCENTIVE SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $4,120.00 for 20 years would give you extra $263,681.00, 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.
EFSC INCENTIVE SAVINGS PLAN Contribution & Match Policy
EFSC INCENTIVE SAVINGS PLAN Contribution, Match and Other Plan Policies
- Participants may make elective deferrals up to 75% of eligible compensation to the Plan on a pre-tax basis, up to defined limits.
- A participant could contribute up to $23,000 and $22,500 in 2024 and 2023, respectively, in total, to all accounts (pre-tax contributions and Roth after-tax contributions).
- If a participant is age 50 or older and makes the maximum allowable deferral, they are eligible to make catch-up contributions.
- The maximum catch-up contribution was $7,500 in both 2024 and 2023.
- The Plan allows for an automatic salary deferral feature for new participants.
- New employees are automatically enrolled at 3%, unless an alternative amount or an election to not defer under the Plan occurs by the participant.
- On the first day of the plan year, deferrals for participants who were automatically enrolled are increased 1% per year, up to a maximum of 10%.
- The Company makes Safe Harbor matching contributions equal to 100% of the first 6% of a Participant’s compensation contributed into the Plan.
- Participants are immediately vested in their contributions, including rollover contributions plus actual earnings thereon.
- For employer matching contributions, participants vest in employer matching contributions according to a three-year graded schedule and are 33% vested after one year of service and 100% vested after three years of service, upon reaching early or normal retirement, or upon total and permanent disability or death.
- For Safe Harbor matching contributions made on or after January 1, 2024, participants vest in employer matching contributions according to a two-year graded schedule and are 50% vested after one year of service and 100% vested after two years of service, upon reaching early or normal retirement, or upon total and permanent disability or death.
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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