JONES CONTRACTORS INC. 401K PLAN Contribution & Employer Match
How JONES CONTRACTORS INC. Supports Your Retirement Savings
JONES CONTRACTORS INC. provides retirement savings benefits through JONES CONTRACTORS INC. 401K 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.
JONES CONTRACTORS INC. 401K PLAN Average Participant Retirement Account Value
JONES CONTRACTORS INC. 401K PLAN Estimated Average Employee Contribution Amount
176,628.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,759.00 in JONES CONTRACTORS INC. 401K PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in JONES CONTRACTORS INC. 401K 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.
JONES CONTRACTORS INC. 401K PLAN Total Employer Contribution and Match Rate
JONES CONTRACTORS INC. 401K PLAN Estimated Average Employer Match
Investing in this additonal $1,352.00 for 20 years would give you extra $86,581.00, 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.
JONES CONTRACTORS INC. 401K PLAN Contribution & Match Policy
JONES CONTRACTORS INC. 401K PLAN Contribution, Match and Other Plan Policies
- Each participant may contribute up to the maximum percentage allowed by the IRS for the plan year (January 1 to December 31).
- Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
- The Plan has a two percent automatic deferral into a target date fund based on age if no selection is chosen by the participant upon meeting eligibility requirements.
- The Company contributed 50 percent of the participant’s elected contribution up to 6 percent of the participant’s pretax annual compensation (but not to exceed $5,000) for the years ended December 31, 2024 and 2023.
- Participants are vested immediately in their contributions plus actual earnings on them.
- Vesting in the Sponsor-contributions (employer matching and employer nonelective contributions) portion of their accounts plus earnings is based on years of continuous service.
- A participant is 100 percent vested after five years of credited 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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