K&L GATES 401(K) PLAN BETA Contribution & Employer Match
K&L GATES 401(K) PLAN BETA Contribution & Employer Match
K&L GATES LLP provides the following retirement savings benefits to its employees:
K&L GATES 401(K) PLAN BETA Average Participant Retirement Account Value
K&L GATES 401(K) PLAN BETA Estimated Average Employee Contribution Amount
438,558.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,852.00 in K&L GATES 401(K) PLAN BETA, 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 K&L GATES 401(K) PLAN BETA
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’.
K&L GATES 401(K) PLAN BETA Total Employer Contribution and Match Rate
K&L GATES 401(K) PLAN BETA Estimated Average Employer Match
Investing in this additonal $4,149.00 for 20 years would give you extra $265,560.00, assuming a 10% annual return.
K&L GATES 401(K) PLAN BETA Contribution & Match Policy
1. Employee Contribution Rates: Up to 75% of annual compensation.
2. Employer Match/Contribution Conditions: The Firm may make a profit-sharing contribution at its discretion, with a profit-sharing contribution rate of 5% of eligible participants’ compensation, subject to certain eligibility requirements.
3. Vesting Schedule/Eligibility: Participants are vested immediately in their contributions and all Firm contributions plus actual earnings. Eligibility for profit-sharing contributions requires two years of service, 1,000 hours worked in the Plan year, and being at least 21 years of age.
4. Yes, it allows Roth 401(k) contribution.
Recent Articles
- Navigating the ExxonMobil Savings Plan: A Guide to Low-Cost Index Investing
- Cadence Design Systems Inc. 401(k): A Plan with Low-Cost Target Date and Index Funds
- Warren Buffett's Phenomenal Run: The Oracle May Retire, But His Legacy Endures
- May 2025 MyPlanIQ Portfolio Update
- One Fund Does It All
- Target Date Funds for Young Professionals
- Top 10 Target Date Fund Providers for Retirement Investing
- The One-Fund 401(k) Portfolio: Simple Yet Does Its Job
- Roth IRAs for Retirees
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 ...