MORGAN SERVICES, INC. SAVINGS PLUS PLAN Contribution & Employer Match
How MORGAN SERVICES, INC. Supports Your Retirement Savings
MORGAN SERVICES, INC. provides retirement savings benefits through MORGAN SERVICES, INC. SAVINGS PLUS 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.
MORGAN SERVICES, INC. SAVINGS PLUS PLAN Average Participant Retirement Account Value
MORGAN SERVICES, INC. SAVINGS PLUS PLAN Estimated Average Employee Contribution Amount
75,725.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,183.00 in MORGAN SERVICES, INC. SAVINGS PLUS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in MORGAN SERVICES, INC. SAVINGS PLUS 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.
MORGAN SERVICES, INC. SAVINGS PLUS PLAN Total Employer Contribution and Match Rate
MORGAN SERVICES, INC. SAVINGS PLUS PLAN Estimated Average Employer Match
Investing in this additonal $1,008.00 for 20 years would give you extra $64,550.00, 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.
MORGAN SERVICES, INC. SAVINGS PLUS PLAN Contribution & Match Policy
MORGAN SERVICES, INC. SAVINGS PLUS PLAN Contribution, Match and Other Plan Policies
- Participants may contribute to the Plan (and defer the taxation on) a percentage of their compensation (as defined) of at least 2%, but not more than 90% (subject to the statutory limitations).
- Individuals who will be at least age 50 by December 31, 2024 may make an additional "catch-up" contribution (subject to statutory limitations).
- Each year, the Company may contribute to the Plan, at the discretion of its Board of Directors, amounts limited to a percentage determined by the employer.
- Additionally, effective July 1, 2022, the Plan was amended and requires the employer to make qualified nonelective contributions equal to 3% of compensation each pay period for eligible participants not covered by a collective bargaining agreement.
- Eligible participants of Laundry and Dry Cleaning Workers Local 52 will receive nonelective contributions equal to $23 for each month the participants was an active participant.
- Participants are immediately and fully vested in their own contributions and discretionary matching contributions, plus actual earnings thereon. Participants who are employees of Laundry and Dry Cleaning Workers Local 52 are 100% vested in the Company’s qualified nonelective contributions after three
- Less than 2 years: 0%
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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