MINER’S, INC. 401(K) PLAN Contribution & Employer Match
How MINER’S INC. Supports Your Retirement Savings
MINER’S INC. provides retirement savings benefits through MINER’S, 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.
MINER’S, INC. 401(K) PLAN Average Participant Retirement Account Value
MINER’S, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
100,958.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,577.00 in MINER’S, INC. 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in MINER’S, 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.
MINER’S, INC. 401(K) PLAN Total Employer Contribution and Match Rate
MINER’S, INC. 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $223.00 for 20 years would give you extra $14,298.00, 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.
MINER’S, INC. 401(K) PLAN Contribution & Match Policy
MINER’S, INC. 401(K) PLAN Contribution, Match and Other Plan Policies
- Eligible employees may contribute up to 60% of their compensation, as defined in the Plan, subject to certain limitations under the Internal Revenue Code.
- The Plan also permits employees to make after tax contributions.
- Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
- The Company contributes 50% of the first 4% of base compensation that a nonunion participant contributes to the Plan.
- Union participants are not eligible for employer contributions.
- Participants are immediately vested in their participant contributions plus actual earnings thereon.
- Nonunion participants vest ratably in the Company’s matching and discretionary contribution portions of their accounts plus actual earnings thereon based on number of years of continuous service.
- A nonunion participant is vested ratably over a five-year period.
- Nonunion participants are also 100% vested upon attainment of early retirement age (55) and five years of completed service, upon disability during the term of employment or termination of the Plan.
MINER’S, INC. 401(K) PLAN Maximum Employer Match Calculator
This calculator helps participants of MINER’S, INC. 401(K) PLAN to calculate the minimal bi-weekly contribution that would generate the maximum employer match allowed. It takes into account IRS annual contribution limits. Please update the annual contribution limits below if they are outdated.
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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