NATIONAL INSTRUMENTS 401(K) PLAN Contribution & Employer Match
NATIONAL INSTRUMENTS 401(K) PLAN Contribution & Employer Match
NATIONAL INSTRUMENTS CORPORATION provides the following retirement savings benefits to its employees:
NATIONAL INSTRUMENTS 401(K) PLAN Average Participant Retirement Account Value
NATIONAL INSTRUMENTS 401(K) PLAN Estimated Average Employee Contribution Amount
504,561.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,883.00 in NATIONAL INSTRUMENTS 401(K) 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 NATIONAL INSTRUMENTS 401(K) 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’.
NATIONAL INSTRUMENTS 401(K) PLAN Total Employer Contribution and Match Rate
NATIONAL INSTRUMENTS 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $2,582.00 for 20 years would give you extra $165,303.00, assuming a 10% annual return.
NATIONAL INSTRUMENTS 401(K) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Up to 80% pre-tax of their annual compensation; Roth contributions, catch-up contributions, and after-tax contributions up to 80% are allowed as well.
2. Employer Match/Contribution Conditions: The employer matches 50% of the first 8% of pre-tax and Roth contributions.
3. Vesting Schedule/Eligibility: Participants are immediately vested in both participant and Company contributions. To be eligible for Company contributions, a participant must complete one year of service.
4. Roth 401(k) Contribution: Allowed.
Recent Articles
- Retirement Plan Contribution Limits in 2024
- How to Take Advantage of Your ESPP (Employer Stock Purchase Plan)
- June 2025 MyPlanIQ Portfolio Update
- How to Benefit from Your ESPP (Employer Stock Purchase Plan)
- Simple 401(k) Investment Guide
- Why Actively Managed Bond Funds Outperform Index Funds More Often Than Stocks
- Income Growth, Historical 401(k) Contribution Limit Data
- How Much Should I Save for Retirement By Age? A Realistic Reference
- Historical Year-by-Year Annual 401(k) Contribution Limits
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more ...
Portfolio Calculator (Simulator)
Customize Asset Allocation Portfolios
Retirement Calculator
Investment Calculator
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...