LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Contribution & Employer Match

How LAURA BUICK – GMC, INC. Supports Your Retirement Savings

LAURA BUICK – GMC, INC. provides retirement savings benefits through LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING 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.

LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN is $52,499.00

LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN is $11,616.00. 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.
743,452.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 11,616.00 in LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING 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.

LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2024, LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN allocates $640,191.00 to match its employees’ contributions, providing an employer match rate of 45.55% of their contributions

LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN is approximately $2,645.00
Investing in this additonal $2,645.00 for 20 years would give you extra $169,306.00, 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.

LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Contribution & Match Policy

LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Plan Policies

LAURA AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may contribute up to a dollar amount set by law of pre-tax annual compensation, as defined in the Plan.
  • Participants may make pre-tax contributions to the Plan not to exceed 100% of the participant’s compensation.
  • Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
  • Participants may also contribute amounts representing distributions from other qualified defined benefit or contribution plans (rollover contributions).
  • The Company contributes 100% of the first 3% of compensation that a participant contributes to the Plan an 50% of the next 2% of compensation that a participant contributes to the Plan.
  • Participants are immediately vested in their contributions plus actual earnings thereon. Participants are 100% vested in the Company’s safe harbor matching contribution. Vesting in the Company’s discretionary contribution portion of their accounts contributed prior to October 31, 2018 plus actual earnings thereon is based on years of continuous serviceare vested according to the following table: Years of Service Vesting
  • Less than 2 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:

 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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