PRINOVA US LLC 401(K) RETIREMENT PLAN Contribution & Employer Match
How PRINOVA US LLC Supports Your Retirement Savings
PRINOVA US LLC provides retirement savings benefits through PRINOVA US LLC 401(K) RETIREMENT 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.
PRINOVA US LLC 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
PRINOVA US LLC 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
265,675.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,151.00 in PRINOVA US LLC 401(K) RETIREMENT PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in PRINOVA US LLC 401(K) RETIREMENT 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.
PRINOVA US LLC 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
PRINOVA US LLC 401(K) RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $1,671.00 for 20 years would give you extra $107,002.00, 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.
PRINOVA US LLC 401(K) RETIREMENT PLAN Contribution & Match Policy
PRINOVA US LLC 401(K) RETIREMENT PLAN Contribution, Match and Other Plan Policies
- Each year, participants may contribute up to 100% of pretax or post-tax annual compensation, as defined in the Plan, up to the annual maximum limitation allowed by the Internal Revenue Service (IRS).
- Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
- Participants direct the investment of their contributions into various investment options offered by the Plan.
- Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans (rollovers).
- The Plan also includes an auto-enrollment provision of 6% (4% for employees who became participants prior to January 1, 2024) of eligible pretax compensation if no election or waiver is made by the participant.
- Effective January 1, 2024, the Company makes safe harbor matching contributions of 200% on the first 2% and 25% of the next 4% of compensation contributed by a participant.
- The Company may contribute a discretionary matching contribution that is based on participant deferrals.
- Additional profit sharing amounts may also be contributed at the discretion of the Company’s Board of Directors.
- During the year ended December 31, 2024, the Company made safe harbor matching contributions of $2,263,763.
- Participants are immediately vested in their voluntary deferrals and the Company’s discretionary and safe harbor matching contributions plus actual earnings (losses) thereon. Vesting in the Company’s discretionary profit sharing contribution portion of their accounts plus actual earnings (losses) thereon is based on years of service. Participant’s vest at a rate of 20% per year beginning with the second year of service. A participant is 100% vested after five years of service, based on the following schedule: Years of Service Vesting
- Less than 1 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:
| 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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