SEMPRA SAVINGS PLAN Contribution & Employer Match
How SEMPRA Supports Your Retirement Savings
SEMPRA provides retirement savings benefits through SEMPRA SAVINGS 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.
SEMPRA SAVINGS PLAN Average Participant Retirement Account Value
SEMPRA SAVINGS PLAN Estimated Average Employee Contribution Amount
1,441,351.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 22,521.00 in SEMPRA SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in SEMPRA SAVINGS 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.
SEMPRA SAVINGS PLAN Total Employer Contribution and Match Rate
SEMPRA SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $3,599.00 for 20 years would give you extra $230,346.00, 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.
SEMPRA SAVINGS PLAN Contribution & Match Policy
SEMPRA SAVINGS PLAN Contribution, Match and Other Plan Policies
- Under the terms of the Plan, participants may contribute up to 50% of eligible pay (in increments of 1%) on a pre-tax basis, a designated Roth after-tax basis, a regular after-tax basis or a combination thereof.
- The IRC limited total individual pre-tax and/or designated Roth after-tax contributions to $23,000 for 2024.
- Catch-up contributions are permitted for participants of at least 50 years of age.
- The catch-up provision provided these participants the opportunity to contribute an additional $7,500 on a pre-tax and/or designated Roth after-tax basis for 2024.
- The Plan allows for automatic enrollment of and automatic deferral for newly hired employees who either do not elect a specific deferral percentage or do not opt out of the Plan.
- The automatic deferral percentage for participants is 6% of eligible pay, increasing each May 1st by 1% up to a maximum of 11%.
- Each pay period, the Employer makes matching contributions to the Plan for all participants equal to 50% of each participant’s contribution, up to the first 6% of eligible pay, and an additional 0.2% for each 1% incremental increase to each participant’s contribution over 6%, up to 11% of eligible pay.
- Participant contributions are fully vested at all times.
- Vesting of Employer matching contributions in a participant’s account occurs upon the earliest of the date: they are credited with one year of vesting service; they attain the normal retirement age, which is the first day of the calendar month following the month of their 65th birthday; or of their death while an employee of the Company.
- Additionally, Employer matching contributions in a participant’s account become fully vested upon the termination or discontinuation 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:
| 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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