ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN Contribution & Employer Match
How ISRAEL DISCOUNT BANK OF NEW YORK Supports Your Retirement Savings
ISRAEL DISCOUNT BANK OF NEW YORK provides retirement savings benefits through ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT 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.
ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN Average Participant Retirement Account Value
ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN Estimated Average Employee Contribution Amount
704,874.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 11,013.00 in ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT 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.
ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN Total Employer Contribution and Match Rate
ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN Estimated Average Employer Match
Investing in this additonal $6,053.00 for 20 years would give you extra $387,433.00, 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.
ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN Contribution & Match Policy
ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN Contribution, Match and Other Plan Policies
- Contributions to the Plan are made by the Bank and by participants, based upon a salary deferral agreement, whereby participants may elect to defer a percentage of their compensation on a pre-tax basis, not to exceed the legal maximum deferral limit of $23,000.
- Participants who reached age 50 before the end of the Plan year are eligible to make catch-up contributions, up to the maximum allowable amount of $7,500 for 2024.
- Effective August 15, 2020, the Plan adopted an amendment to allow eligible employees to participate in the Plan immediately upon their hire date.
- All employees hired or rehired on or after January 1, 2011 are automatically enrolled in the Nonelective Employer Contribution portion of the Plan on the later date of the first day of work or the date the employee attains the age of 18.
- The Plan Sponsor approved an amendment to the Plan effective July 7, 2008, automatically deferring 2% of an eligible employee’s salary, unless the employee elects otherwise.
- The automatic deferral percentage is increased by 1% annually, up to a maximum of 6% of employee salary.
- The employer is matching 50% of the first 6% of annual salary contributed by employees up to the maximum annual contribution allowed by law.
- Participants are immediately fully vested in participants’ contributions plus earnings thereon. Vesting in Sponsor contributions plus earnings thereon is based upon accumulated years of service. Prior to January 1, 2023, a participant is 20% vested for each year of service, totaling 100% after five years. Death, retirement or disability, as defined in the Plan, of a participant causes his or her benefits to automatically vest. Effective January 1, 2023, nonelective employer contributions and matching employer contributions will vest based on the following
- 4+ 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.
Get Key Insights for This Plan
Join our community and get data-driven insights about ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN. See how it compares to peer companies in fees, match generosity, and investment quality as soon as our new ranking reports go live.
Notify Me When Ratings Go LiveExplore More Plan Resources
Recent Articles
- General Dynamics 401(k) Review: 100% Match Up to 6% With $325 Million in Employer Contributions
- June 2026 MyPlanIQ Portfolio Update
- APPLE 401(K) PLAN 401(k) Review: A Match That Rewards Loyalty, Plus Plenty of Investment Options
- Charter Communications 401(k) Review: 100% Match Up to 6% With a 3-Year Vesting Clock
- Walmart 401(k) Plan Review: 100% Match on 6% for 1.9 Million Employees
- GSK 401(K) PLAN Review: 11% Employer Contribution Combines Match Makes It One of the Most Generous
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Customize Asset Allocation Portfolios
Retirement Calculator
Investment Calculator
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …
Keep researching ISRAEL DISCOUNT BANK OF NEW YORK SAVINGS AND INVESTMENT PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- THE BANCORP, INC. 401(K) PLAN (864 participants, $120,083,345)
- EVERWISE CREDIT UNION 401(K) PLAN (865 participants, $94,128,061)
- FRONTIER FINANCIAL CORPORATION 401K PROFIT SHARING PLAN AND TRUST (859 participants, $71,454,142)
- CB&S BANK 401(K) PROFIT SHARING PLAN (858 participants, $41,761,187)
- FISHBACK FINANCIAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN (852 participants, $51,743,144)