HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Contribution & Employer Match

How HUBBELL INCORPORATED Supports Your Retirement Savings

HUBBELL INCORPORATED provides retirement savings benefits through HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES. 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.

HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Average Participant Retirement Account Value

In 2024, the average participant retirement account value for HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES is $19,128.00

HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES is $1,562.00. 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.
100,026.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,562.00 in HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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.

HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Total Employer Contribution and Match Rate

In 2024, HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES allocates $3,506,351.00 to match its employees’ contributions, providing an employer match rate of 148.08% of their contributions

HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES is approximately $1,157.00
Investing in this additonal $1,157.00 for 20 years would give you extra $74,061.00, 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.

HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Contribution & Match Policy

HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Plan Policies

HUBBELL INCORPORATED EMPLOYEE SAVINGS AND INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Contribution, Match and Other Plan Policies

  • Participants in the Plan may periodically elect to have a specified portion of their compensation (as defined in the Plan agreement) allocated to their accounts.
  • This amount may not be less than 1 percent nor more than 50 percent of their eligible compensation.
  • In addition, eligible participants over the age of 50 may contribute additional "catch-up" contributions into the Plan.
  • Hubbell Lighting, Inc.: Eligible employees receive an employer contribution equal to 4% of eligible compensation per payroll period.
  • Ohio Brass Company: Employer match contribution equal to 50% of the first 2% of the participant eligible compensation of the payroll period, plus an employer contribution equal to 4% of eligible compensation of the payroll period.
  • Gleason Reel, Killark, Christiansburg, and Continental: Employer contribution equal to 4% of eligible compensation per payroll period.
  • PCORE: Employer matching contribution equal to 50% of their combined savings for each payroll period.
  • USCO Power Equipment Corporation: Employer contribution as determined by the Board of Directors each year (4% in 2024).
  • Raco Division: Employer contribution equal to 4% of eligible compensation per pay period.
  • Wiegmann Division: Employer contribution equal to 3.5% of eligible compensation per payroll period.
  • Anderson GMPP Division: Employer contribution equal to 4% of eligible compensation.
  • Anderson Connectors Division: Employer contribution equal to 4% of eligible compensation.
  • Chance: Employer matching contribution equal to 50% of the first 2% of the participant eligible compensation of the payroll period, plus an employer contribution equal to 4% of eligible compensation of the payroll period.
  • Hubbell Lighting, Inc.: Participants are 100% vested in these contributions.
  • Ohio Brass Company: Participants are 100% vested after three years of service.
  • Gleason Reel, Killark, Christiansburg, and Continental: Participants are 100% vested in these contributions.
  • PCORE: Participants are 50% vested after one year of service and 100% vested after two years of service.
  • USCO Power Equipment Corporation: Participants are 100% vested after three years of service.
  • Raco Division: Participants are 100% vested in these contributions.
  • Wiegmann Division: Participants are 100% vested after three years of service.
  • Anderson GMPP Division: Participants are 100% vested after three years of service.
  • Anderson Connectors Division: Participants are 100% vested after three years of service.
  • Chance: Participants are 100% vested after three years of service.

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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