EXELA 401(K) PLAN Contribution & Employer Match
How SOURCEHOV, LLC Supports Your Retirement Savings
SOURCEHOV, LLC provides retirement savings benefits through EXELA 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.
EXELA 401(K) PLAN Average Participant Retirement Account Value
EXELA 401(K) PLAN Estimated Average Employee Contribution Amount
83,547.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,305.00 in EXELA 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in EXELA 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.
* 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.
EXELA 401(K) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may elect to contribute their pre-tax annual compensation, limited to the maximum amount permitted under the applicable Internal Revenue Code (IRC).
2. Employer Match/Contribution Conditions: The Plan allows for employer discretionary matching and profit sharing contributions in amounts to be determined by the Company. During the year ended December 31, 2022, no discretionary employer matching or profit sharing contributions were made.
3. Vesting Schedule/Eligibility: The vesting schedule for the Company’s matching and profit sharing contributions is as follows:
4. – Less than 1 year: 0%
5. – 1 year: 25%
6. – 2 years: 50%
7. – 3 years: 100%
8. Vesting is based on the elapsed time method, starting from the participant’s hire date. A participant will automatically become fully vested in Company matching contributions in the events of retirement at age 65, permanent disability, or death.
9. Roth 401(k) Contribution: The Plan permits participants to designate a portion or all of their participant deferrals as Roth contributions.
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.
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