ELM ELECTRICAL, INC. 401(K) PLAN Contribution & Employer Match

How ELM ELECTRICAL, INC. Supports Your Retirement Savings

ELM ELECTRICAL, INC. provides retirement savings benefits through ELM ELECTRICAL, INC. 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.

ELM ELECTRICAL, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for ELM ELECTRICAL, INC. 401(K) PLAN is $201,013.00

ELM ELECTRICAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for ELM ELECTRICAL, INC. 401(K) PLAN is $10,832.00. 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.
693,249.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,832.00 in ELM ELECTRICAL, INC. 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in ELM ELECTRICAL, INC. 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.

ELM ELECTRICAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, ELM ELECTRICAL, INC. 401(K) PLAN allocates $736,105.00 to match its employees’ contributions, providing an employer match rate of 33.56% of their contributions

ELM ELECTRICAL, INC. 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in ELM ELECTRICAL, INC. 401(K) PLAN is approximately $3,376.00
Investing in this additonal $3,376.00 for 20 years would give you extra $216,104.00, 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.

ELM ELECTRICAL, INC. 401(K) PLAN Contribution & Match Policy

ELM ELECTRICAL, INC. 401(K) PLAN Plan Policies

ELM ELECTRICAL, INC. 401(K) PLAN Contribution, Match and Other Plan Policies

  • Upon meeting eligibility requirements participants may contribute up to 90% of their plan compensation on a pre-tax basis, or after-tax roth basis, subject to Internal Revenue Code ("IRC") limitations.
  • Participants who are at least age 50 may make an additional "catch-up" contribution subject to IRC limitations.
  • Participants may also contribute funds from another qualified plan ("rollover contributions"), subject to certain requirements.
  • Newly eligible participants are automatically enrolled at a contribution rate of 6% of plan compensation, unless they opt out or make a different election, and the deferral rate will be increased 1% each year up to a maximum of 10%.
  • Participant contributions may be matched by the Company at a percentage of the participants’ contributions as determined by the Company, not to exceed 4% of compensation.
  • For the plan year ended December 31, 2024, the Company did not make a matching contribution.
  • Participants are fully vested in that portion of their account which represents their contributions and the Company’s safe harbor contributions, and the income earned thereon.
  • Participants become 100% vested in the Company’s non safe harbor contributions and earnings thereon upon death, total and permanent disability, or attainment of normal retirement age.
  • Otherwise, a participant’s interest in the Company’s non safe harbor contributions and earnings thereon vests according to the following schedule: Completed Years of Service Percent Vested < 1 year 0% 1 year 20% 2 years 40% 3 years 60% 4 years 80% 5 years 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:

 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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