HONDA 401(K) SAVINGS PLAN Contribution & Employer Match

How AMERICAN HONDA MOTOR COMPANY, INC. Supports Your Retirement Savings

AMERICAN HONDA MOTOR COMPANY, INC. provides retirement savings benefits through HONDA 401(K) SAVINGS 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.

HONDA 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for HONDA 401(K) SAVINGS PLAN is $166,747.00

HONDA 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for HONDA 401(K) SAVINGS PLAN is $7,389.00. 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.
472,948.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,389.00 in HONDA 401(K) SAVINGS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in HONDA 401(K) SAVINGS 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.

HONDA 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2024, HONDA 401(K) SAVINGS PLAN allocates $246,392,004.00 to match its employees’ contributions, providing an employer match rate of 92.58% of their contributions

HONDA 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in HONDA 401(K) SAVINGS PLAN is approximately $6,518.00
Investing in this additonal $6,518.00 for 20 years would give you extra $417,204.00, 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.

HONDA 401(K) SAVINGS PLAN Contribution & Match Policy

HONDA 401(K) SAVINGS PLAN Contribution, Match and Other Plan Policies

  • Participants are automatically enrolled in the Plan with an elective pretax deferral rate of 6% of eligible compensation, increasing each January 1 thereafter by 1% until such elective deferral rate is 15% of eligible compensation, unless the participant affirmatively elects out of the automatic deferral feature, elects a different deferral rate, or elects not to participate in the Plan.
  • A participant may authorize payroll deductions ranging from 1% to 75% of their base salary.
  • Participants who have attained age 50 before the end of the calendar year may make additional catch-up contributions.
  • The Employer matching contributions equal 100% of the first 6% of each participant’s basic contribution.
  • Associate contributions are 100% vested at all times.
  • Employer matching and savings contributions credited to a participant’s account are fully vested at the time the contributions are made.
  • Vesting in the Employer service contributions is based on years of service, where a year is defined as 365 days.
  • Vesting in the employer service contributions along with earnings thereon is as follows: Vesting Years of Service Percentage Fewer than 2 0% 2 25% 3 50% 4 75% 5 or greater 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:

 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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