LECS, LTD. 401(K) PLAN Contribution & Employer Match
How LECS, LTD. Supports Your Retirement Savings
LECS, LTD. provides retirement savings benefits through LECS, LTD. 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.
LECS, LTD. 401(K) PLAN Average Participant Retirement Account Value
LECS, LTD. 401(K) PLAN Estimated Average Employee Contribution Amount
102,969.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,608.00 in LECS, LTD. 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in LECS, LTD. 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.
LECS, LTD. 401(K) PLAN Total Employer Contribution and Match Rate
LECS, LTD. 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $760.00 for 20 years would give you extra $48,676.00, 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.
LECS, LTD. 401(K) PLAN Contribution & Match Policy
LECS, LTD. 401(K) PLAN Contribution, Match and Other Plan Policies
- Participants may elect to have a portion of their annual compensation contributed to the Plan as a pre-tax deferral, as defined by the Plan.
- A participant’s combined elective deferrals are limited by federal income tax laws to $23,000 and $22,500 ($30,500 and $30,000 for participants who have attained age 50 by the end of the calendar year) in 2024 and 2023, subject to certain non-discrimination tests for excess deferral contributions.
- The Company makes safe harbor matching contributions on behalf of each participant for 100% of the participant’s contributions up to 3% and 50% of the amount of participant’s contribution that exceeds 3% of the participant’s compensation but that does not exceed 5% of the participant’s compensation.
- Participants are immediately vested in their elective contributions plus earnings thereon.
- Employer safe harbor matching contributions (plus earnings thereon) are also immediately vested.
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.
Get Key Insights for This Plan
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