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

In 2023, the average participant retirement account value for HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES is $19,354.00

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

In 2023, the estimated average employee contribution amount per participant for HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES is $636.00. 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.
40,723.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 636.00 in HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, assuming a 10%* annual return.

* Data are from public filings.

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

In 2023, HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES allocates $2,736,332.00 to match its employees’ contributions, providing an employer match rate of 136.52% of their contributions

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

In 2023, the estimated average employer match for an employee in HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES is approximately $948.00
Investing in this additonal $948.00 for 20 years would give you extra $60,701.00, 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 & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute a percentage of their salary ranging from 1% to 50%.

2. Employer Match/Contribution Conditions:

3. – Eligible employees of Hubbell Lighting, Inc. receive a 4% employer contribution.

4. – Ohio Brass Company employees receive an employer contribution ranging from $100 to $300 based on years of service or 1% of their compensation for the Plan year.

5. – Gleason Reel employees receive a 4% employer contribution.

6. – PCORE employees receive a match of $0.50 per $1.00 contributed, up to 6% of salary.

7. – USCO Power Equipment employees receive an employer contribution determined by the Board of Directors (4% in 2022 and 2021).

8. – LiteControl Corporation employees (prior to June 30, 2022) received a match of $0.50 per $1.00 contributed, up to 6% of salary.

9. – Raco Division employees receive a 4% employer contribution.

10. – Wiegmann Division employees receive a 3.5% employer contribution.

11. – Anderson GMPP Division employees receive a 3% employer contribution.

12. – Aclara Technologies, LLC employees receive a match of 100% of the first 3% and 50% of the next 2% of eligible salary.

13. Vesting Schedule/Eligibility:

14. – Participants are 100% vested for their own contributions at all

HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES Maximum Employer Match Calculator

This calculator helps participants of HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES to calculate the minimal bi-weekly contribution that would generate the maximum employer match allowed. It takes into account IRS annual contribution limits. Please update the annual contribution limits below if they are outdated.

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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