O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Contribution & Employer Match

How THOMPSON TRUCKING CO Supports Your Retirement Savings

THOMPSON TRUCKING CO provides retirement savings benefits through O.L. THOMPSON ENTERPRISES PROFIT SHARING 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.

O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN is $86,378.00

O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN is $4,062.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
259,989.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,062.00 in O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in O.L. THOMPSON ENTERPRISES PROFIT SHARING 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.

O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2024, O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN allocates $395,863.00 to match its employees’ contributions, providing an employer match rate of 62.07% of their contributions

O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN is approximately $2,604.00
Investing in this additonal $2,604.00 for 20 years would give you extra $166,679.00, 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.

O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Contribution & Match Policy

O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Plan Policies

O.L. THOMPSON ENTERPRISES PROFIT SHARING PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may contribute up to 100% of pretax annual compensation, as defined in the Plan, up to $23,000 as limited by law, for the year ended December 31, 2024.
  • For participants who are at least 50 years of age by Plan year end may make additional catch-up contributions limited to $7,500 for the year ended December 31, 2024.
  • The Companies contribute 50% of the first 6% of base compensation that a participant contributes to the Plan.
  • Participants are immediately vested in their contributions plus actual earnings thereon. A participant’s interest in the Companies’ contribution portion of his account plus actual earnings thereon, is fully vested and non-forfeitable upon the occurrence of any of the following events: participant’s death, participant’s total and permanent disability, participant’s attainment of normal retirement age (65) while in the service of his employer, or the termination of the Plan. Prior to the occurrence of any of the preceding events, a participant’s vested interest in the Companies’ contribution portion of the participants account is based on years of continuous service (at least 1,000 hours) using a graduated
  • 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:

 20242025
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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