GLP ATTORNEYS P.S. INC. 401(K) PLAN Contribution & Employer Match
How GLP ATTORNEYS, P.S., INC. Supports Your Retirement Savings
GLP ATTORNEYS, P.S., INC. provides retirement savings benefits through GLP ATTORNEYS P.S. 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.
GLP ATTORNEYS P.S. INC. 401(K) PLAN Average Participant Retirement Account Value
GLP ATTORNEYS P.S. INC. 401(K) PLAN Estimated Average Employee Contribution Amount
777,499.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 12,148.00 in GLP ATTORNEYS P.S. INC. 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in GLP ATTORNEYS P.S. 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.
GLP ATTORNEYS P.S. INC. 401(K) PLAN Total Employer Contribution and Match Rate
GLP ATTORNEYS P.S. INC. 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $3,175.00 for 20 years would give you extra $203,204.00, 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.
GLP ATTORNEYS P.S. INC. 401(K) PLAN Contribution & Match Policy
GLP ATTORNEYS P.S. INC. 401(K) PLAN Contribution, Match and Other Plan Policies
- Eligible participants are automatically enrolled in the Plan with a deferral amount of 6% of their eligible compensation with an automatic increase of 1% on the first day of each Plan year, thereafter, up to a maximum of 10%.
- Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
- The Plan makes safe harbor non-elective contribution of 3% of participant’s compensation.
- Discretionary match contributions are allocated to participants in the same proportion as a participant’s compensation bears to the total of all participants’ compensation.
- There were no discretionary match contributions in 2024.
- Participants are immediately 100% vested in their elective deferrals, rollover contributions and safe harbor non-elective contributions plus actual earnings thereon.
- Vesting in non-elective and discretionary employer contributions is based on a six-year graded schedule.
- A participant is 20% vested after two years of credited service, 40% vested after three years, 60% after four years, 80% after five years with full vesting at six years, or upon death or disability.
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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