RELX INC. US SALARY INVESTMENT PLAN Contribution & Employer Match
RELX INC. US SALARY INVESTMENT PLAN Contribution & Employer Match
RELX INC. provides the following retirement savings benefits to its employees:
RELX INC. US SALARY INVESTMENT PLAN Average Participant Retirement Account Value
RELX INC. US SALARY INVESTMENT PLAN Estimated Average Employee Contribution Amount
437,752.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,839.00 in RELX INC. US SALARY INVESTMENT PLAN, assuming a 10%* annual return.
2023 & 2024 401(k) contribution limits by IRS
| Pretax and roth employee contributions | Employee and employer contributions combined | Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over) | |
|---|---|---|---|
| 401(k) contribution limit for 2023 | $22,500 | $66,000 | $7,500 |
| 401(k) contribution limit for 2024 | $23,000 | $69,000 | $7,500 |
$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.
$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!
Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.
Employer match in RELX INC. US SALARY INVESTMENT PLAN
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
RELX INC. US SALARY INVESTMENT PLAN Total Employer Contribution and Match Rate
RELX INC. US SALARY INVESTMENT PLAN Estimated Average Employer Match
Investing in this additonal $3,856.00 for 20 years would give you extra $246,816.00, assuming a 10% annual return.
RELX INC. US SALARY INVESTMENT PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may contribute up to 75% of their annual compensation.
2. Employer Match/Contribution Conditions: Employees with less than three years of Matching Contribution Service receive a 5% Employer match contribution; employees with more than three years receive matching contributions based on a formula that provides 100% of the first 6% contributed and 200% of the next 1% contributed.
3. Vesting Schedule/Eligibility: Employer contributions are 100% vested at all times for employees who became participants prior to 1998; employees hired prior to January 1, 2004 are 100% vested after one year of credited service; employees hired on or after January 1, 2004 are 100% vested after three years of service.
4. Allows Roth 401(k) contribution: Yes.
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