HEARING CARE SOLUTIONS INC – 401K Contribution & Employer Match
How HEARING CARE SOLUTIONS INC Supports Your Retirement Savings
HEARING CARE SOLUTIONS INC provides retirement savings benefits through HEARING CARE SOLUTIONS INC – 401K. 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.
HEARING CARE SOLUTIONS INC – 401K Average Participant Retirement Account Value
HEARING CARE SOLUTIONS INC – 401K Estimated Average Employee Contribution Amount
235,909.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,686.00 in HEARING CARE SOLUTIONS INC – 401K, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in HEARING CARE SOLUTIONS INC – 401K
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.
HEARING CARE SOLUTIONS INC – 401K Total Employer Contribution and Match Rate
HEARING CARE SOLUTIONS INC – 401K Estimated Average Employer Match
Investing in this additonal $481.00 for 20 years would give you extra $30,807.00, 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.
HEARING CARE SOLUTIONS INC – 401K Contribution & Match Policy
HEARING CARE SOLUTIONS INC – 401K Contribution, Match and Other Plan Policies
- Participants may make voluntary salary reductions (participant contributions) up to the maximum amount allowed by the IRS.
- For 2024 this deferral limit was $23,000.
- Participants may also rollover amounts from other qualified plans.
- Participants over the age of 50 may make additional catch up contributions to the Plan.
- Participants are automatically enrolled in the Plan upon satisfaction of eligibility requirements at a deferral rate of 3% of eligible gross compensation and will automatically increase 1% each year to a maximum of 10%.
- The Company may make discretionary matching contributions, an amount the Company in its sole discretion may determine.
- In order to share in the discretionary matching contributions, participants must be employed on the last day of the Plan year, regardless of the amount of service they completed.
- Participants who are not employed on the last day of the Plan year due to death, disability, and/ or reaching normal retirement age will still be eligible to share in the discretionary matching contributions.
- During 2024, the Company made approximately $215,000 in discretionary matching contributions to the Plan.
- Upon entry into the Plan, participants are 100 percent vested in their participant contributions, rollover contributions, discretionary matching contributions, and earnings thereon.
- Vesting for the discretionary profit sharing contributions and earnings thereon is based on years of service as follows: Years of Service Vesting % 1 Year 20% 2 Years 40% 3 Years 60% 4 Years 80% 5 Years 100%
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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