SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Contribution & Employer Match

How SPRINGPOINT SENIOR LIVING, INC. Supports Your Retirement Savings

SPRINGPOINT SENIOR LIVING, INC. provides retirement savings benefits through SPRINGPOINT SENIOR LIVING, INC. 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.

SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN is $40,188.00

SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN is $2,710.00. 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.
173,474.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,710.00 in SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in SPRINGPOINT SENIOR LIVING, INC. 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.

SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN allocates $1,436,762.00 to match its employees’ contributions, providing an employer match rate of 31.63% of their contributions

SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN is approximately $700.00
Investing in this additonal $700.00 for 20 years would give you extra $44,811.00, 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.

SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Contribution & Match Policy

SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Plan Policies

SPRINGPOINT SENIOR LIVING, INC. 401(K) PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may contribute up to 75% of pretax annual compensation, as defined in the plan document, up to the maximum limits of the Internal Revenue Code (IRC).
  • Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
  • As of January 1, 2015, the Plan was amended to provide a 100% vested Safe Harbor Matching Contribution equal to $1 for each $1 of Employee Salary Reduction Contributions up to 5% of compensation, resulting in a maximum matching contribution equal to 5% of compensation.
  • As of January 1, 2021, the Plan was amended to provide a 100% vested Matching Contribution equal to $0.50 for each $1 of Employee Salary Reduction Contributions up to 5% of compensation, resulting in a maximum matching contribution equal to 2.5% of compensation.
  • As of January 1, 2022, the Organization contributes 100% of the first 3% of base compensation that a participant contributes to the Plan.
  • These contributions are discretionary in nature but continue to be 100% vested.
  • Participants’ contributions and the employer contributions, including Safe Harbor and employer matching contributions, vest immediately. Prior to January 1, 2015, Springpoint also provided for an employer basic contribution which vests as follows based on years of service:
  • Less than 2 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:

 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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