ENVISTA HOLDINGS CORPORATION SAVINGS PLAN Contribution & Employer Match

ENVISTA HOLDINGS CORPORATION SAVINGS PLAN Contribution & Employer Match

ENVISTA HOLDINGS CORPORATION provides the following retirement savings benefits to its employees:

ENVISTA HOLDINGS CORPORATION SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ENVISTA HOLDINGS CORPORATION SAVINGS PLAN is $134,060.00

ENVISTA HOLDINGS CORPORATION SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ENVISTA HOLDINGS CORPORATION SAVINGS PLAN is $7,216.00. 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.
461,858.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,216.00 in ENVISTA HOLDINGS CORPORATION SAVINGS PLAN, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

 Pretax and roth employee contributionsEmployee and employer contributions combinedCatch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023$22,500$66,000$7,500
401(k) contribution limit for 2024$23,000$69,000$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

Employer match in ENVISTA HOLDINGS CORPORATION SAVINGS PLAN

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

ENVISTA HOLDINGS CORPORATION SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, ENVISTA HOLDINGS CORPORATION SAVINGS PLAN allocates $12,011,248.00 to match its employees' contributions, providing an employer match rate of 44.39% of their contributions

ENVISTA HOLDINGS CORPORATION SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ENVISTA HOLDINGS CORPORATION SAVINGS PLAN is approximately $3,079.00
Investing in this additonal $3,079.00 for 20 years would give you extra $197,057.00, assuming a 10% annual return.

ENVISTA HOLDINGS CORPORATION SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Eligible participants may contribute up to 75% of their eligible compensation (subject to annual maximums).

2. Employer Match/Contribution Conditions: Non-union participants receive 100% match on the first 3% of eligible compensation contributed by the participant plus 50% on the next 2%. After completing one year of continuous service, additional discretionary contributions may equal up to 2% of eligible pay.

3. Vesting Schedule/Eligibility: Non-union participants are immediately 100% vested in all safe harbor contributions. For discretionary contributions, participants generally become fully vested on completing three years of service, retirement at or after age 65, complete disability, or death. Union participants are fully vested after completing three years of service or as required by the collective bargaining agreement.

4. Roth 401(k) contribution: Allowed.

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