INDIANA RAIL ROAD COMPANY 401(K) PLAN Contribution & Employer Match

How THE INDIANA RAIL ROAD COMPANY Supports Your Retirement Savings

THE INDIANA RAIL ROAD COMPANY provides retirement savings benefits through INDIANA RAIL ROAD COMPANY 401(K) 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.

INDIANA RAIL ROAD COMPANY 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for INDIANA RAIL ROAD COMPANY 401(K) PLAN is $103,062.00

INDIANA RAIL ROAD COMPANY 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for INDIANA RAIL ROAD COMPANY 401(K) PLAN is $4,865.00. 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.
311,375.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,865.00 in INDIANA RAIL ROAD COMPANY 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in INDIANA RAIL ROAD COMPANY 401(K) 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.

INDIANA RAIL ROAD COMPANY 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, INDIANA RAIL ROAD COMPANY 401(K) PLAN allocates $408,825.00 to match its employees’ contributions, providing an employer match rate of 56.02% of their contributions

INDIANA RAIL ROAD COMPANY 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in INDIANA RAIL ROAD COMPANY 401(K) PLAN is approximately $2,819.00
Investing in this additonal $2,819.00 for 20 years would give you extra $180,446.00, 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.

INDIANA RAIL ROAD COMPANY 401(K) PLAN Contribution & Match Policy

INDIANA RAIL ROAD COMPANY 401(K) PLAN Plan Policies

INDIANA RAIL ROAD COMPANY 401(K) PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may elect to contribute a percentage of their pretax or post-tax (as of July 1, 2018, see below) annual compensation, as defined in the Plan.
  • These contributions are not to exceed limitations established under Section 402(g) of the Internal Revenue Code of 1986, as amended ($23,000 at December 31, 2024).
  • The Plan permits catch-up elective deferrals for participants over 50 years of age subject to Internal Revenue Code limitations.
  • Effective July 1, 2018, eligible participants are able to contribute post-tax annual compensation.
  • Effective January 1, 2013, the Plan is known as a "qualified automatic contribution arrangement" 401(k) plan ("QACA").
  • Effective June 10, 2020, the Plan’s automatic enrollment provision was changed from a QACA to a traditional automatic contribution arrangement ("ACA").
  • Effective January 1, 2021, the automatic enrollment provisions were changed back to a QACA.
  • Under these arrangements, newly eligible participants are automatically enrolled in the Plan with contributions of three percent of compensation.
  • Participants must notify the Plan if they do not want to participate or if they want to change their contribution amount.
  • In addition, their contribution will automatically increase 1% every year starting in the third plan year after automatic enrollment until it reaches 6% unless the participant elects not to increase their deferral percentage.
  • The Company makes matching contributions under a safe harbor match to the Plan each year.
  • The safe harbor match is 100% of the first 3% of compensation and 50% of the next 3% to 5% of compensation.
  • The Company made safe harbor matching contributions of $408,825 for 2024.
  • Each year at the discretion of the Company, an additional matching contribution may be made at a discretionary percentage.
  • Employee deferral contributions are not matched by the Sponsor until the employee has satisfied the eligibility requirements.
  • No discretionary match contributions were made in 2024.

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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