NATIONAL BEEF UNION 401(K) PLAN Contribution & Employer Match
How NATIONAL BEEF PACKING COMPANY, LLC Supports Your Retirement Savings
NATIONAL BEEF PACKING COMPANY, LLC provides retirement savings benefits through NATIONAL BEEF UNION 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.
NATIONAL BEEF UNION 401(K) PLAN Average Participant Retirement Account Value
NATIONAL BEEF UNION 401(K) PLAN Estimated Average Employee Contribution Amount
56,591.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 884.00 in NATIONAL BEEF UNION 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in NATIONAL BEEF UNION 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.
NATIONAL BEEF UNION 401(K) PLAN Total Employer Contribution and Match Rate
NATIONAL BEEF UNION 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $141.00 for 20 years would give you extra $9,056.00, 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.
NATIONAL BEEF UNION 401(K) PLAN Contribution & Match Policy
NATIONAL BEEF UNION 401(K) PLAN Contribution, Match and Other Plan Policies
- Participants may elect to contribute up to certain Internal Revenue Code ("IRC") limitations.
- Participants over age 50 are permitted to make catch-up contributions, as defined in the Plan Document.
- The Company has elected to make a discretionary matching contribution to all employees who have deferred to the Plan at a rate of 50% of the first 4% of gross compensation contributed.
- Employee contributions plus earnings are immediately 100% vested.
- Employer matching and discretionary non-elective employer contributions are subject to the following vesting schedule: Years of Service Vested % 1 0% 2 20% 3 40% 4 60% 5 100%
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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