JONES DAY RETIREMENT PLAN Contribution & Employer Match
JONES DAY RETIREMENT PLAN Contribution & Employer Match
JONES DAY provides the following retirement savings benefits to its employees:
JONES DAY RETIREMENT PLAN Average Participant Retirement Account Value
JONES DAY RETIREMENT PLAN Estimated Average Employee Contribution Amount
681,720.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,651.00 in JONES DAY RETIREMENT PLAN, assuming a 10%* annual return.
2023 & 2024 401(k) contribution limits by IRS
| Pretax and roth employee contributions | Employee and employer contributions combined | Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over) | |
|---|---|---|---|
| 401(k) contribution limit for 2023 | $22,500 | $66,000 | $7,500 |
| 401(k) contribution limit for 2024 | $23,000 | $69,000 | $7,500 |
$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.
$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!
Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.
Employer match in JONES DAY RETIREMENT PLAN
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
JONES DAY RETIREMENT PLAN Total Employer Contribution and Match Rate
JONES DAY RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $19,880.00 for 20 years would give you extra $1,272,336.00, assuming a 10% annual return.
JONES DAY RETIREMENT PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute up to a maximum of 50 percent of annual compensation.
2. Employer Match/Contribution Conditions: The employer contributes the lesser of (a) $40,500 for 2022 or (b) an amount determined by multiplying a contribution percentage by credited pay, not in excess of IRS maximum limitations. The applicable contribution percentage is based on age and status with the Firm.
3. Vesting Schedule/Eligibility: Participants are 100 percent vested in employee salary and rollover contributions immediately. Firm contributions made after January 1, 1994, are subject to a vesting schedule, with participants becoming 100 percent vested after three years of service.
4. Roth 401(k) contributions: Participants may contribute on an after-tax basis.
Recent Articles
- Savings Hacks
- July 2025 MyPlanIQ Portfolio Update
- Annuity Income Payout vs. Invest & Withdraw
- What $1 Million Really Buys You in Retirement: Annuity vs. Investment Strategy
- Public Pay Might Be Higher Than You Think (Once You Do the Math)
- Why Managing Volatility Matters
- Stock Compensation 101: How People Build Wealth (or Blow It)
- Retirement Plan Contribution Limits in 2024
- How to Take Advantage of Your ESPP (Employer Stock Purchase Plan)
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
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 ...