ENOVIS 401(K) SAVINGS PLAN PLUS Contribution & Employer Match

How ENOVIS CORPORATION Supports Your Retirement Savings

ENOVIS CORPORATION provides retirement savings benefits through ENOVIS 401(K) SAVINGS PLAN PLUS. 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.

ENOVIS 401(K) SAVINGS PLAN PLUS Average Participant Retirement Account Value

In 2024, the average participant retirement account value for ENOVIS 401(K) SAVINGS PLAN PLUS is $84,669.00

ENOVIS 401(K) SAVINGS PLAN PLUS Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for ENOVIS 401(K) SAVINGS PLAN PLUS is $9,180.00. 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.
587,560.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,180.00 in ENOVIS 401(K) SAVINGS PLAN PLUS, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in ENOVIS 401(K) SAVINGS PLAN PLUS

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.

ENOVIS 401(K) SAVINGS PLAN PLUS Total Employer Contribution and Match Rate

In 2024, ENOVIS 401(K) SAVINGS PLAN PLUS allocates $8,874,424.00 to match its employees’ contributions, providing an employer match rate of 55.97% of their contributions

ENOVIS 401(K) SAVINGS PLAN PLUS Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in ENOVIS 401(K) SAVINGS PLAN PLUS is approximately $2,569.00
Investing in this additonal $2,569.00 for 20 years would give you extra $164,436.00, 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.

ENOVIS 401(K) SAVINGS PLAN PLUS Contribution & Match Policy

ENOVIS 401(K) SAVINGS PLAN PLUS Plan Policies

ENOVIS 401(K) SAVINGS PLAN PLUS Contribution, Match and Other Plan Policies

  • Each year, participants may contribute up to 75% of pretax annual compensation, as defined in the Plan.
  • Participants are automatically enrolled with a 4% deferral contribution upon attainment of the eligibility requirements unless the Company receives signed written documentation from the participant before this date to do otherwise.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • The Plan provides for a safe harbor employer match of up to 4% of eligible compensation contributed to the Plan and discretionary employer contribution of eligible compensation for the year ended December 31, 2024, based upon eligibility requirements as detailed in the Plan document.
  • Participants vest immediately in their contributions, safe harbor employer contributions, and discretionary employer contributions; plus actual earnings (losses) thereon.
  • Prior to the 2020 Plan Amendment, vesting in discretionary employer contributions was based on years of continuous service as follows: 20% vested after two years of services, 40% vested after three years, 60% vested after four years, and 100% vested after five years of service.

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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