ITS INC 401(K) RETIREMENT PLAN & TRUST Contribution & Employer Match
How ITS INC Supports Your Retirement Savings
ITS INC provides retirement savings benefits through ITS INC 401(K) RETIREMENT PLAN & TRUST. 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.
ITS INC 401(K) RETIREMENT PLAN & TRUST Average Participant Retirement Account Value
ITS INC 401(K) RETIREMENT PLAN & TRUST Estimated Average Employee Contribution Amount
621,564.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,711.00 in ITS INC 401(K) RETIREMENT PLAN & TRUST, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in ITS INC 401(K) RETIREMENT PLAN & TRUST
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.
ITS INC 401(K) RETIREMENT PLAN & TRUST Total Employer Contribution and Match Rate
ITS INC 401(K) RETIREMENT PLAN & TRUST Estimated Average Employer Match
Investing in this additonal $2,489.00 for 20 years would give you extra $159,296.00, 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.
ITS INC 401(K) RETIREMENT PLAN & TRUST Contribution & Match Policy
ITS INC 401(K) RETIREMENT PLAN & TRUST Contribution, Match and Other Plan Policies
- Each participant may contribute up to the annual indexed limitation in whole percentages of total pay each month under a salary reduction agreement.
- The participant amount contributed was limited to $23,000 per participant in 2024 and $22,500 per participant in 2023.
- The Plan allows catch-up contributions as indexed by the Internal Revenue Service (IRS) for individuals 50 years of age or older, which will be matched based on the Plan formula.
- All employees who are eligible to participate in the Plan but are not deferring shall be automatically enrolled in the Plan with elective deferrals withheld in the amount of 4% of compensation or may exercise their right to opt out.
- In conjunction with this feature, the Plan has incorporated an annual automatic employee contribution increase of 1% for any participant deferring less than 10% unless the employee elects to opt out of this automatic increase.
- Effective February 1, 2024, the annual automatic employee contribution increase of 1% is in effect for any participant deferring less than 15% unless the employee elects to opt out of this automatic increase.
- The Company has agreed to make basic contributions on behalf of each participant who has elected to reduce his or her compensation under a compensation reduction agreement.
- The basic contribution as pre-tax 401(k) or Roth contribution made on behalf of the participant is equal to the amount specified in that agreement, provided that the contribution does not exceed certain established overall limitations.
- The maximum employer contribution allowed, for participants who entered the plan prior to July 1, 2016, is equal to 40% of the participant’s elective deferrals up to a maximum of 5%, and, for participants who have entered the plan on or after July 1, 2016, is equal to 50% of the participant’s elective deferrals up to a maximum of 8% of the participant’s compensation as defined by the Plan.
- Participants are vested immediately in their contributions plus actual earnings thereon.
- Company contributions vest 20% per year and are fully vested after five years of vesting 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:
| 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.
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