EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Contribution & Employer Match

How EMPIRE ABRASIVE EQUIPMENT CO., L.P. Supports Your Retirement Savings

EMPIRE ABRASIVE EQUIPMENT CO., L.P. provides retirement savings benefits through EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K 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.

EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN is $106,885.00

EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN is $9,673.00. 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.
619,088.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,673.00 in EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K 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.

EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Total Employer Contribution and Match Rate

In 2024, EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN allocates $290,247.00 to match its employees’ contributions, providing an employer match rate of 31.58% of their contributions

EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN is approximately $1,527.00
Investing in this additonal $1,527.00 for 20 years would give you extra $97,767.00, 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.

EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Contribution & Match Policy

EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Plan Policies

EMPIRE ABRASIVE EQUIPMENT CO., L. P. 401K PLAN Contribution, Match and Other Plan Policies

  • Eligible participants are permitted to elect to have a percentage, limited by Plan provisions, of their compensation contributed as pre-tax 401(k) contributions to the Plan.
  • Effective July 1, 2022, the Plan was amended to allow for Roth 401(k) contributions to the Plan.
  • The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.
  • Automatically enrolled participants have their deferral rate set at 3% of eligible compensation, and their contributions invested in the designated default fund until changed by the participant.
  • Participants automatically enrolled in the Plan will have their deferral rates automatically increased on each anniversary of the Participant’s entry date by 1% up to a maximum of 10%.
  • Automatic increases occur on October 1.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • For the year ended December 31, 2024, the Company matching contribution was 50% of the first 6% of eligible compensation that a participant contributes to the Plan.
  • Participants are immediately vested in employee and Company contributions plus actual earnings 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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