LUMERIS 401(K) PLAN Contribution & Employer Match

How LUMERIS HEALTHCARE OUTCOMES Supports Your Retirement Savings

LUMERIS HEALTHCARE OUTCOMES provides retirement savings benefits through LUMERIS 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.

LUMERIS 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for LUMERIS 401(K) PLAN is $97,345.00

LUMERIS 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for LUMERIS 401(K) PLAN is $13,589.00. 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.
869,735.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 13,589.00 in LUMERIS 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in LUMERIS 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.

LUMERIS 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, LUMERIS 401(K) PLAN allocates $4,089,248.00 to match its employees’ contributions, providing an employer match rate of 35.38% of their contributions

LUMERIS 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in LUMERIS 401(K) PLAN is approximately $2,404.00
Investing in this additonal $2,404.00 for 20 years would give you extra $153,857.00, 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.

LUMERIS 401(K) PLAN Contribution & Match Policy

LUMERIS 401(K) PLAN Plan Policies

LUMERIS 401(K) PLAN Contribution, Match and Other Plan Policies

  • Upon enrollment, participants can elect to defer up to 90% of their eligible compensation, to a maximum amount permitted under the Internal Revenue Code (the Code).
  • Participants are automatically enrolled at 6% of their eligible compensation and the deferral percentage increases by 1% each year until 10% is reached, unless the participant elects an alternative amount.
  • Participants who have attained age 50 before the end of the year are eligible to make catch-up contributions.
  • All pre-tax deferral contributions are made out of pre-tax earnings through salary reductions.
  • These contributions are not subject to federal income tax until withdrawn.
  • Taxes are the responsibility of the individual participants and not the Plan.
  • Participants are also allowed to make after-tax Roth 401(k) contributions which are subject to certain IRS limitations.
  • All Roth deferral contributions are subject to federal income tax in the year of the deferral and, in most cases, are not subject to federal income taxes when distributed.
  • Participants may also contribute to the Plan through a rollover contribution from another qualified source.
  • The Plan provides for matching contributions by the Company.
  • The Company contributes 50% of the first 8% of an active participant’s contributions.

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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