NCS MULTISTAGE 401(K) PLAN Contribution & Employer Match
NCS MULTISTAGE 401(K) PLAN Contribution & Employer Match
NCS MULTISTAGE LLC provides the following retirement savings benefits to its employees:
NCS MULTISTAGE 401(K) PLAN Average Participant Retirement Account Value
NCS MULTISTAGE 401(K) PLAN Estimated Average Employee Contribution Amount
347,078.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,423.00 in NCS MULTISTAGE 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 NCS MULTISTAGE 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’.
NCS MULTISTAGE 401(K) PLAN Total Employer Contribution and Match Rate
NCS MULTISTAGE 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $2,853.00 for 20 years would give you extra $182,654.00, assuming a 10% annual return.
NCS MULTISTAGE 401(K) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may elect to make pre-tax salary deferral contributions to the Plan of up to the maximum amount allowed by law.
2. Employer Match/Contribution Conditions: The Company will make a safe harbor basic matching contribution equal to 100% of each participant’s elective deferrals that do not exceed 3% of the participant’s eligible compensation plus 50% of each participant’s elective deferrals that exceed 3% but do not exceed 5% of the participant’s eligible compensation.
3. Vesting Schedule/Eligibility: Participants are at all times fully vested in their contributions and 100% vested in all Company contributions. Previously, there was a vesting schedule of 20% per year after two years of service and 100% vested after six years of service. A participant shall be immediately vested upon death, retirement, or termination of employment due to total and permanent disability. Employees are eligible to participate immediately upon attainment of age 18.
4. Roth 401(k) Contribution: A participant may elect to have all or a portion of their elective deferrals designated as Roth elective deferrals.
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