PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN Contribution & Employer Match
How PREMIER CUSTOM-BUILT, INC. Supports Your Retirement Savings
PREMIER CUSTOM-BUILT, INC. provides retirement savings benefits through PREMIER CUSTOM-BUILT, INC. 401(K) 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.
PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
643,456.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,054.00 in PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in PREMIER CUSTOM-BUILT, INC. 401(K) 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.
PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
Investing in this additonal $3,518.00 for 20 years would give you extra $225,191.00, 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.
PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN Contribution & Match Policy
PREMIER CUSTOM-BUILT, INC. 401(K) PROFIT SHARING PLAN Contribution, Match and Other Plan Policies
- Eligible participants may elect to contribute up to 100% of eligible compensation, not to exceed the annual amount permitted by Federal law.
- Eligible employees are automatically enrolled at 3% of compensation to be deferred to the Plan.
- Participants will have their deferral rate automatically increased each year up to 6%.
- Catch-up contributions are permitted for eligible participants age 50 or older by the end of the Plan year.
- For the years ended December 31, 2024 and 2023, the Company matched 50% of the first 6% of the employee elective deferrals.
- Participants are immediately vested in their voluntary contributions plus actual earnings thereon.
- Participants are vested in discretionary employer match contributions and profit-sharing contributions plus actual earnings thereon based on years of continuous service as follows: Vesting schedule: 2 years: 20% 3 years: 40% 4 years: 60% 5 years: 80% 6 years or more: 100% A participant is 100% vested after six years of credited service.
- Special vesting rules apply for participants who die, become disabled or reach the normal retirement age (65) prior to becoming fully vested.
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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