H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Contribution & Employer Match

How H & M MECHANICAL CONSTRUCTORS, INC. Supports Your Retirement Savings

H & M MECHANICAL CONSTRUCTORS, INC. provides retirement savings benefits through H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 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.

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN is $48,585.00

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN is $4,105.00. 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.
262,747.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,105.00 in H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 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.

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN allocates $695,186.00 to match its employees’ contributions, providing an employer match rate of 51.70% of their contributions

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN is approximately $2,113.00
Investing in this additonal $2,113.00 for 20 years would give you extra $135,233.00, 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.

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Contribution & Match Policy

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Plan Policies

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN Contribution, Match and Other Plan Policies

  • Participants may elect to make pre-tax and/or Roth salary deferral contributions to the Plan of up to the maximum amount allowed by law.
  • Participants who have attained the age of 50 before the end of the plan year may make catch-up contributions.
  • Safe harbor matching contributions are made on behalf of participants in an amount equal to 100% of the amount of the eligible participants’ elective deferrals that do not exceed 3% of the participants’ eligible compensation and 50% of the amount of the eligible participants’ elective deferrals that exceed 3% of the participants’ eligible compensation but not to exceed 5% per pay period.
  • Participants are at all times fully vested in their contributions and the Company’s safe harbor matching contributions and the appreciation or depreciation thereon.
  • Vesting in the Company’s discretionary employer matching and non-elective contribution portion of their accounts plus earnings thereon is based on years of continuous service.
  • Participants vest 20% per year after two years of service and are 100% vested after six years of service.
  • A participant shall be immediately vested upon death, retirement, or termination of employment due to total and permanent 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:

 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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