LESSINGS, INC. SAVINGS AND SECURITY PLAN Contribution & Employer Match

How LESSINGS, INC. Supports Your Retirement Savings

LESSINGS, INC. provides retirement savings benefits through LESSINGS, INC. SAVINGS AND SECURITY 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.

LESSINGS, INC. SAVINGS AND SECURITY PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for LESSINGS, INC. SAVINGS AND SECURITY PLAN is $14,983.00

LESSINGS, INC. SAVINGS AND SECURITY PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for LESSINGS, INC. SAVINGS AND SECURITY PLAN is $1,191.00. 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.
76,229.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,191.00 in LESSINGS, INC. SAVINGS AND SECURITY PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in LESSINGS, INC. SAVINGS AND SECURITY 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.

LESSINGS, INC. SAVINGS AND SECURITY PLAN Total Employer Contribution and Match Rate

In 2024, LESSINGS, INC. SAVINGS AND SECURITY PLAN allocates $208,251.00 to match its employees’ contributions, providing an employer match rate of 21.71% of their contributions

LESSINGS, INC. SAVINGS AND SECURITY PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in LESSINGS, INC. SAVINGS AND SECURITY PLAN is approximately $212.00
Investing in this additonal $212.00 for 20 years would give you extra $13,600.00, 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.

LESSINGS, INC. SAVINGS AND SECURITY PLAN Contribution & Match Policy

LESSINGS, INC. SAVINGS AND SECURITY PLAN Plan Policies

LESSINGS, INC. SAVINGS AND SECURITY PLAN Contribution, Match and Other Plan Policies

  • Participants may elect to have up to 100 percent (subject to limitations) of their annual compensation deferred and contributed to the Plan by the Company on their behalf.
  • The Company will limit matching contributions for amounts in excess of the first 2% of compensation as elective contributions.
  • Participants are immediately vested in their participant contributions plus allocated earnings thereon. Vesting in the Company’s matching and employer profit-sharing contributions, and earnings thereon is based on years of service and is determined as follows: Years of Service Vested %
  • Less than 2 years: 0%
  • 2-3 years: 20%
  • 3-4 years: 40%
  • 4-5 years: 60%
  • 5-6 years: 80%
  • 6+ years: 100%

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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