MATCH GROUP RETIREMENT SAVINGS PLAN Contribution & Employer Match
MATCH GROUP RETIREMENT SAVINGS PLAN Contribution & Employer Match
MATCH GROUP, INC. provides the following retirement savings benefits to its employees:
MATCH GROUP RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
MATCH GROUP RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
1,046,249.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 16,347.00 in MATCH GROUP RETIREMENT SAVINGS PLAN, assuming a 10%* annual return.
2023 & 2024 401(k) contribution limits by IRS
Pretax and roth employee contributions | Employee and employer contributions combined | Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over) | |
---|---|---|---|
401(k) contribution limit for 2023 | $22,500 | $66,000 | $7,500 |
401(k) contribution limit for 2024 | $23,000 | $69,000 | $7,500 |
$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.
$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!
Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.
Employer match in MATCH GROUP RETIREMENT SAVINGS PLAN
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
MATCH GROUP RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
MATCH GROUP RETIREMENT SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $6,513.00 for 20 years would give you extra $416,846.00, assuming a 10% annual return.
MATCH GROUP RETIREMENT SAVINGS PLAN Contribution & Match Policy
1. **Employee Contribution Rates:** Participants may contribute up to 75% of pre-tax annual compensation.
2. **Employer Match/Contribution Conditions:** The discretionary match is the lesser of 100% of the first 10% of eligible compensation or $10,000.
3. **Vesting Schedule/Eligibility:** The vesting schedule for employer contributions is as follows: less than 2 years - 0%, 2 years or more - 100%. There is no minimum service or age requirement to receive discretionary matching contributions.
4. **Roth 401(k) Contribution:** Participants are allowed to make Roth contributions into the Plan.
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