SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Contribution & Employer Match

How SIMS GROUP USA HOLDINGS CORP Supports Your Retirement Savings

SIMS GROUP USA HOLDINGS CORP provides retirement savings benefits through SIMS GROUP USA HOLDINGS CORP 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.

SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for SIMS GROUP USA HOLDINGS CORP 401(K) PLAN is $78,526.00

SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SIMS GROUP USA HOLDINGS CORP 401(K) PLAN is $9,524.00. 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.
609,561.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,524.00 in SIMS GROUP USA HOLDINGS CORP 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in SIMS GROUP USA HOLDINGS CORP 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.

SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, SIMS GROUP USA HOLDINGS CORP 401(K) PLAN allocates $7,042,794.00 to match its employees’ contributions, providing an employer match rate of 57.77% of their contributions

SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in SIMS GROUP USA HOLDINGS CORP 401(K) PLAN is approximately $2,751.00
Investing in this additonal $2,751.00 for 20 years would give you extra $176,069.00, 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.

SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Contribution & Match Policy

SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Plan Policies

SIMS GROUP USA HOLDINGS CORP 401(K) PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may make contributions of up to 60 percent of pretax annual compensation subject to Internal Revenue Service (IRS) limitations.
  • Participants may also roll over amounts from other qualified retirement plans.
  • The Plan also allows any employee who is at least 50 years old before December 31 to make an additional pretax catch-up contribution of up to 100 percent of pretax annual compensation, subject to IRS limitations.
  • The Plan provides a safe harbor matching contribution equal to 100 percent of the first 3 percent and 50 percent of the second 3 percent of the participant’s eligible compensation that is contributed to the Plan.
  • For employees covered under collective bargaining agreements, company matching contributions are made in accordance with each collective bargaining agreement.
  • The Company may make annual discretionary profit-sharing contributions in an amount determined at year end by the board of directors.
  • Participants are immediately vested in their contributions, rollover contributions, and the Company’s safe harbor matching contributions and related earnings.
  • Vesting in the portion of their accounts related to the Company’s matching and discretionary profit-sharing contributions plus related earnings is based on years of credited service.
  • A participant vests 20 percent in company matching and discretionary profit-sharing contributions after one year of credited service and an additional 20 percent for each successive year through year five, at which time the participant is 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:

 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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