MAYCO SAVINGS PLAN Contribution & Employer Match
How MAYCO MANUFACTURING, LLC Supports Your Retirement Savings
MAYCO MANUFACTURING, LLC provides retirement savings benefits through MAYCO SAVINGS 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.
MAYCO SAVINGS PLAN Average Participant Retirement Account Value
MAYCO SAVINGS PLAN Estimated Average Employee Contribution Amount
127,671.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,994.00 in MAYCO SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in MAYCO SAVINGS 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.
MAYCO SAVINGS PLAN Total Employer Contribution and Match Rate
MAYCO SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $1,328.00 for 20 years would give you extra $85,050.00, 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.
MAYCO SAVINGS PLAN Contribution & Match Policy
MAYCO SAVINGS PLAN Contribution, Match and Other Plan Policies
- All participants may contribute up to 100% of compensation as defined by the Plan.
- Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans.
- Subject to certain regulatory limitations and at the option of the Board of Directors, the Company may make discretionary matching and profit sharing contributions to the Plan on behalf of eligible participants.
- Discretionary matching contributions are based upon a matching percentage of the amount contributed by the participant.
- The Sponsor instituted a match up to 6% of compensation effective January 1, 2024.
- Employees covered by a collective bargaining agreement that were employed by the Company at any time during the Plan year are eligible for profit sharing contributions.
- For the plan year ended December 31, 2024, the Company’s profit sharing contribution was $66 per month for one employee that participated in the previous pension plan and $25 per month for all other employees covered by the collective bargaining agreement.
- Participants covered by a collective bargaining agreement are 100% vested in their voluntary contributions and 100% vested in employer profit sharing contributions immediately upon participation in the Plan.
- All participants are 100% vested in employer match contributions after three years of service as defined by the Plan document.
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.
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