LRK INC. 401(K) PLAN Contribution & Employer Match
How LRK INC. Supports Your Retirement Savings
LRK INC. provides retirement savings benefits through LRK INC. 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.
LRK INC. 401(K) PLAN Average Participant Retirement Account Value
LRK INC. 401(K) PLAN Estimated Average Employee Contribution Amount
392,680.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,135.00 in LRK INC. 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in LRK INC. 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.
LRK INC. 401(K) PLAN Total Employer Contribution and Match Rate
LRK INC. 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $4,085.00 for 20 years would give you extra $261,455.00, 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.
LRK INC. 401(K) PLAN Contribution & Match Policy
LRK INC. 401(K) PLAN Contribution, Match and Other Plan Policies
- Participants may elect to defer any percentage of their eligible annual compensation either as pre-tax 401(k) deferrals or Roth 401(k) deferrals, subject to Internal Revenue Service (IRS) limitations.
- Participants who have attained age fifty (50) before the end of the plan year are eligible to make catch-up contributions.
- The Company makes a safe harbor contribution equal to three percent (3%) of eligible compensation.
- The Company made matching contributions equal to fifty percent (50%) of eligible employee’s elective deferrals up to six percent (6%) of such eligible employee’s compensation for the Plan years ended December 31, 2024 and 2023.
- Participants are immediately vested in their deferral contributions, the Company’s safe harbor contributions, and rollover contributions, plus earnings and losses thereon.
- Participants vest in the Company’s discretionary matching and profit sharing contributions based upon years of service, with 100% vesting occurring after six (6) years of credited service.
- In the event of death, disability, normal retirement age (65), or if the Plan is discontinued, participants become 100% vested in all account balances.
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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