PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN Contribution & Employer Match
How PERFORMANCE CONTRACTING GROUP, INC. Supports Your Retirement Savings
PERFORMANCE CONTRACTING GROUP, INC. provides retirement savings benefits through PERFORMANCE CONTRACTING GROUP, INC. ESOP/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.
PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN Average Participant Retirement Account Value
PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN Estimated Average Employee Contribution Amount
540,780.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,449.00 in PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in PERFORMANCE CONTRACTING GROUP, INC. ESOP/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.
PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN Total Employer Contribution and Match Rate
PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN Estimated Average Employer Match
Investing in this additonal $17,692.00 for 20 years would give you extra $1,132,313.00, 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.
PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN Contribution & Match Policy
PERFORMANCE CONTRACTING GROUP, INC. ESOP/401(K) PLAN Contribution, Match and Other Plan Policies
- Employee – Participants may elect to contribute a minimum of 1% up to 13% of pre-tax base compensation (before bonuses and overtime) up to a maximum of $23,000 for 2024 and $22,500 for 2023.
- Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
- For the years ended December 31, 2024 and 2023, the Company matched 100% of participants’ deferrals up to 6% of compensation.
- Participants are immediately vested in their salary deferral contributions and earnings thereon.
- Vesting in the Company’s matching contribution and the discretionary contribution portion of their accounts, plus earnings thereon, is based on years of continuous service.
- A participant vests at 20% per year, with 100% vesting after five years of credited service.
- Upon termination of employment due to normal retirement, disability or death, participants become fully vested in the employer contribution portions of their accounts.
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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