PROPEL HR 401(K) PLAN Contribution & Employer Match

How PROPEL PEO, INC. Supports Your Retirement Savings

PROPEL PEO, INC. provides retirement savings benefits through PROPEL HR 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.

PROPEL HR 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for PROPEL HR 401(K) PLAN is $34,263.00

PROPEL HR 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for PROPEL HR 401(K) PLAN is $3,047.00. 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.
195,043.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,047.00 in PROPEL HR 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in PROPEL HR 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.

PROPEL HR 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, PROPEL HR 401(K) PLAN allocates $3,161,969.00 to match its employees’ contributions, providing an employer match rate of 42.46% of their contributions

PROPEL HR 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in PROPEL HR 401(K) PLAN is approximately $1,268.00
Investing in this additonal $1,268.00 for 20 years would give you extra $81,173.00, 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.

PROPEL HR 401(K) PLAN Contribution & Match Policy

PROPEL HR 401(K) PLAN Plan Policies

PROPEL HR 401(K) PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may elect to contribute from 1% to 100% of either their pre-tax compensation, after-tax compensation (Roth contribution), or any combination thereof as defined in the Plan, subject to certain Internal Revenue Code limitations.
  • Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans.
  • Each year the Employers may make a matching contribution to be determined annually based on a percentage of each participant’s eligible compensation for the year.
  • Under safe harbor election, the Employer chooses between a fully vested contribution of 3% of compensation to all employees eligible to be in the Plan, or a fully vested contribution equal to the first 4% of compensation each participant contributes to the Plan.
  • Vesting schedule: A participant is 100% vested after six years of credited service, based upon a graduating schedule.
  • A participant is vested 20% after two years and 20% for each additional year of service.
  • Participants are immediately vested in their voluntary contributions plus actual earnings thereon.
  • Vesting in the remainder of their accounts is based on years of continuous service.
  • Automatic 100% vesting occurs upon attainment of normal retirement age (65), upon retirement due to disability, upon death, and upon termination of the Plan.

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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