JUSTRITE SAFETY GROUP 401(K) PLAN Contribution & Employer Match

How JUSTRITE MANUFACTURING COMPANY, LLC Supports Your Retirement Savings

JUSTRITE MANUFACTURING COMPANY, LLC provides retirement savings benefits through JUSTRITE SAFETY GROUP 401(K) 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.

JUSTRITE SAFETY GROUP 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for JUSTRITE SAFETY GROUP 401(K) PLAN is $32,208.00

JUSTRITE SAFETY GROUP 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for JUSTRITE SAFETY GROUP 401(K) PLAN is $3,094.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
198,070.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,094.00 in JUSTRITE SAFETY GROUP 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in JUSTRITE SAFETY GROUP 401(K) 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.

JUSTRITE SAFETY GROUP 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, JUSTRITE SAFETY GROUP 401(K) PLAN allocates $4,426,011.00 to match its employees’ contributions, providing an employer match rate of 90.26% of their contributions

JUSTRITE SAFETY GROUP 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in JUSTRITE SAFETY GROUP 401(K) PLAN is approximately $2,438.00
Investing in this additonal $2,438.00 for 20 years would give you extra $156,068.00, 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.

JUSTRITE SAFETY GROUP 401(K) PLAN Contribution & Match Policy

JUSTRITE SAFETY GROUP 401(K) PLAN Plan Policies

JUSTRITE SAFETY GROUP 401(K) PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may contribute an amount equal to a percentage of compensation (1% to 90%) not to exceed the maximum limitation set by the Internal Revenue Service.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • The Plan includes an automatic deferral feature.
  • The Company will automatically withhold a portion of the participant’s compensation and contribute that amount to the Plan as a pre-tax 401(K) deferral unless the participant makes a contrary election.
  • For union and non-union employees, the Company makes safe harbor matching contributions equal to 100% of the first 3% of the applicable active participant’s compensation contributed to the Plan and 50% of the next 2% of the applicable active participant’s compensation contributed to the Plan.
  • For union employees, the Company makes additional matching contributions equal to 50% of a participant’s elective deferral which does not exceed 6% of the participant’s compensation according to the union contract that expires November 15, 2027.

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:

 20242025
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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