What is ELBERTON GRANITE ASSOCIATION MEP's employer match?

In 2022, ELBERTON GRANITE ASSOCIATION MEP reported $39,651 in employer contributions. That is about 46.2% of reported employee contributions.

How many participants are in ELBERTON GRANITE ASSOCIATION MEP?

At the end of 2022, ELBERTON GRANITE ASSOCIATION MEP reported 124 plan participants.

What are ELBERTON GRANITE ASSOCIATION MEP's total assets?

At the end of 2022, ELBERTON GRANITE ASSOCIATION MEP reported total plan assets of $2,005,118.

When was ELBERTON GRANITE ASSOCIATION MEP established?

ELBERTON GRANITE ASSOCIATION MEP was established in 2017.

What are the investment options in ELBERTON GRANITE ASSOCIATION MEP?

MyPlanIQ tracks the investment lineup for ELBERTON GRANITE ASSOCIATION MEP on its investment options page: https://www.myplaniq.com/invest/planinvestments/elberton-granite-association-mep/

ELBERTON GRANITE ASSOCIATION MEP Contribution & Employer Match

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How ELBERTON GRANITE ASSOCIATION Supports Your Retirement Savings

ELBERTON GRANITE ASSOCIATION provides retirement savings benefits through ELBERTON GRANITE ASSOCIATION MEP. 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.

ELBERTON GRANITE ASSOCIATION MEP Average Participant Retirement Account Value

In 2022, the average participant retirement account value for ELBERTON GRANITE ASSOCIATION MEP is $16,170.00

ELBERTON GRANITE ASSOCIATION MEP Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for ELBERTON GRANITE ASSOCIATION MEP is $562.00. 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.
36,006.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 562.00 in ELBERTON GRANITE ASSOCIATION MEP, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in ELBERTON GRANITE ASSOCIATION MEP

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.

ELBERTON GRANITE ASSOCIATION MEP Total Employer Contribution and Match Rate

In 2022, ELBERTON GRANITE ASSOCIATION MEP allocates $39,651.00 to match its employees’ contributions, providing an employer match rate of 46.21% of their contributions

ELBERTON GRANITE ASSOCIATION MEP Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in ELBERTON GRANITE ASSOCIATION MEP is approximately $319.00
Investing in this additonal $319.00 for 20 years would give you extra $20,465.00, 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.

ELBERTON GRANITE ASSOCIATION MEP Contribution & Match Policy

1. Employee Contribution Rates: Eligible participants may contribute pretax or after-tax compensation, not to exceed $19,500, with an additional $6,500 for those 50 years of age or more at the end of the plan year.

2. Employer Match/Contribution Conditions: Some companies in the Plan have elected to match 25% of the first $1,000 of salary deferrals and 10% of each participant’s salary deferrals in excess of $1,000. The safe harbor contributions have 2 tiers: the first tier matching contribution is equal to 100% of elective contributions to the extent that they do not exceed 3% of compensation; the second tier is 50% of elective contributions to the extent that they exceed 3% but do not exceed 5% of compensation.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their salary deferrals and voluntary contributions, plus actual earnings thereon. Matching contributions from the Companies and earnings thereon are vested immediately at 100%. Vesting on profit-sharing contributions is based on years of continuous service and increases in increments of 20% per year starting in year two until fully vested after six years of credited service. Eligibility requires employees to be at least 18 years of age and have completed one year or 1,000 hours of service.

ELBERTON GRANITE ASSOCIATION MEP Maximum Employer Match Calculator

This calculator helps participants of ELBERTON GRANITE ASSOCIATION MEP 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.

Bi-weekly Pay Amount ($):

Age:

Annual Contribution Limit – Under 50 ($):

Annual Contribution Limit – Age 50+ ($):

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.

Get Key Insights for This Plan

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