HAM-TMC LIBRARY 403(B) DC PLAN Contribution & Employer Match

How HOUSTON ACADEMY OF MEDICINE – TX MED CTR LIBRARY Supports Your Retirement Savings

HOUSTON ACADEMY OF MEDICINE – TX MED CTR LIBRARY provides retirement savings benefits through HAM-TMC LIBRARY 403(B) DC 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.

HAM-TMC LIBRARY 403(B) DC PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for HAM-TMC LIBRARY 403(B) DC PLAN is $77,703.00

HAM-TMC LIBRARY 403(B) DC PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for HAM-TMC LIBRARY 403(B) DC PLAN is $206.00. 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.
13,232.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 206.00 in HAM-TMC LIBRARY 403(B) DC PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in HAM-TMC LIBRARY 403(B) DC 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.

HAM-TMC LIBRARY 403(B) DC PLAN Total Employer Contribution and Match Rate

In 2024, HAM-TMC LIBRARY 403(B) DC PLAN allocates $187,454.00 to match its employees’ contributions, providing an employer match rate of 566.65% of their contributions

HAM-TMC LIBRARY 403(B) DC PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in HAM-TMC LIBRARY 403(B) DC PLAN is approximately $1,217.00
Investing in this additonal $1,217.00 for 20 years would give you extra $77,902.00, 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.

HAM-TMC LIBRARY 403(B) DC PLAN Contribution & Match Policy

HAM-TMC LIBRARY 403(B) DC PLAN Plan Policies

HAM-TMC LIBRARY 403(B) DC PLAN Contribution, Match and Other Plan Policies

  • All eligible employees are required to make a mandatory pre-tax employee contribution in the amount of 1.5% of their compensation once the employee satisfies the eligibility requirements.
  • Participants also may elect to contribute additional amounts up to 100% of their compensation, as defined by the Plan, subject to annual dollar limitations under the Internal Revenue Code (the Code).
  • Participants aged 50 and older may elect to make additional catch-up contributions which increase the annual limitations they can contribute each year.
  • For all eligible employees, the Library makes an employer contribution equal to 8.5% of the participant’s compensation.
  • Participants are immediately 100% vested in all contributions plus actual earnings thereon.

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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