PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Contribution & Employer Match

How PEERLESS TECHNOLOGIES CORPORATION Supports Your Retirement Savings

PEERLESS TECHNOLOGIES CORPORATION provides retirement savings benefits through PEERLESS TECHNOLOGIES CORPORATION 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.

PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN is $44,284.00

PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN is $4,305.00. 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.
275,526.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,305.00 in PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in PEERLESS TECHNOLOGIES CORPORATION 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.

PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN allocates $1,320,318.00 to match its employees’ contributions, providing an employer match rate of 44.48% of their contributions

PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN is approximately $1,846.00
Investing in this additonal $1,846.00 for 20 years would give you extra $118,182.00, 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.

PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Contribution & Match Policy

PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Plan Policies

PEERLESS TECHNOLOGIES CORPORATION 401(K) PLAN Contribution, Match and Other Plan Policies

  • Participants may voluntarily contribute amounts up to certain limitations as stipulated by applicable IRS Code Sections.
  • Pre-tax elective deferrals and after-tax Roth contributions are available.
  • Participants who have attained age 50 by the end of the year are eligible to make catch-up contributions.
  • The Plan allows automatic enrollment (with a 3% salary deferral) for newly hired employees until they elect otherwise and beginning after the second year, automatic 1% annual increases in the deferral percentages until the 6% level is attained.
  • The Company makes safe harbor contributions equal to 3% of compensation to eligible participants’ accounts.
  • Vesting schedule: Vesting in the Employer’s safe harbor and nonelective contributions is provided over 2 years, 50% per year, or at the attainment of the normal retirement age of 65.
  • Earlier vesting may occur upon death or disability.

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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