LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Contribution & Employer Match

How LUMINATOR TECHNOLOGY GROUP, INC. Supports Your Retirement Savings

LUMINATOR TECHNOLOGY GROUP, INC. provides retirement savings benefits through LUMINATOR TECHNOLOGY GROUP 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.

LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for LUMINATOR TECHNOLOGY GROUP 401(K) PLAN is $56,041.00

LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for LUMINATOR TECHNOLOGY GROUP 401(K) PLAN is $3,812.00. 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.
244,020.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,812.00 in LUMINATOR TECHNOLOGY GROUP 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in LUMINATOR TECHNOLOGY GROUP 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.

LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, LUMINATOR TECHNOLOGY GROUP 401(K) PLAN allocates $1,008,673.00 to match its employees’ contributions, providing an employer match rate of 49.13% of their contributions

LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in LUMINATOR TECHNOLOGY GROUP 401(K) PLAN is approximately $1,844.00
Investing in this additonal $1,844.00 for 20 years would give you extra $118,016.00, 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.

LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Contribution & Match Policy

LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Plan Policies

LUMINATOR TECHNOLOGY GROUP 401(K) PLAN Contribution, Match and Other Plan Policies

  • Eligible employees are automatically enrolled into the Plan, and pre-tax contributions are withheld at 3% of eligible compensation, unless the employee elects differently.
  • The Plan allows for an annual 1% automatic increase of participant pre-tax contributions, up to a maximum of 8%, unless the employee elects differently.
  • Each participant may make pre-tax and/or Roth contributions of up to 100% of eligible compensation, as defined in the Plan document, not to exceed a maximum of $23,000 in 2024, plus up to an additional $7,500 catch-up deferral for participants who have reached at least 50 years of age by the end of the year.
  • The Plan provides for a safe harbor matching contribution of 100% on the first 3% of the participant’s compensation, plus 50% on the next 2% of the participant’s compensation, as defined in the Plan document.
  • Starting January 1, 2020, participants are vested immediately in their contributions and all employer contributions.
  • Discretionary profit-sharing contributions made prior to January 1, 2020 are subject to vesting based on continuous service.
  • Participants vest 20% per year after the second year of service and are fully vested in these contributions after 6 years of service.
  • All amounts become fully vested upon the participant’s attainment of normal retirement age, disability or death.

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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