JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN Contribution & Employer Match
How JACKSON GROUP PETERBILT, INC. Supports Your Retirement Savings
JACKSON GROUP PETERBILT, INC. provides retirement savings benefits through JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT 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.
JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
318,293.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,973.00 in JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT 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.
JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $483.00 for 20 years would give you extra $30,971.00, 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.
JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN Contribution & Match Policy
JACKSON GROUP PETERBILT, INC. 401(K) RETIREMENT PLAN Contribution, Match and Other Plan Policies
- Each year, participants may elect to contribute up to the maximum amount of compensation allowed by Code Sections 402(g) and 414(v) not to exceed the limits of Code Sections 401(k), 404, and 415 (for 2024 the limit is $23,000).
- Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions of up to $7,500 for 2024.
- Effective October 1, 2016, the Plan includes an automatic deferral provision.
- Participants subject to the automatic deferral provision defer 5% of compensation for each payroll period with an automatic escalation of the deferral percentage of 1% of compensation per year (on the first day of each Plan year) up to a maximum of 8% of compensation.
- During 2024, the Company made discretionary matching contributions.
- Matching contributions are allocated to active non-highly compensated participant accounts at the lesser of 50% of the employee’s contribution into the Plan during the quarter of up to 4% of compensation, for a match of up to 2% of compensation, or $1,000.
- Vesting schedule:
- Less than 1 years: 0%
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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