SURYA CARPET, INC. 401(K) PLAN Contribution & Employer Match
How SURYA CARPET, INC. Supports Your Retirement Savings
SURYA CARPET, INC. provides retirement savings benefits through SURYA CARPET, 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.
SURYA CARPET, INC. 401(K) PLAN Average Participant Retirement Account Value
SURYA CARPET, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
257,798.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,028.00 in SURYA CARPET, INC. 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in SURYA CARPET, 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.
SURYA CARPET, INC. 401(K) PLAN Total Employer Contribution and Match Rate
SURYA CARPET, INC. 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $715.00 for 20 years would give you extra $45,776.00, 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.
SURYA CARPET, INC. 401(K) PLAN Contribution & Match Policy
SURYA CARPET, INC. 401(K) PLAN Contribution, Match and Other Plan Policies
- Each year, participants may contribute from 1% to 100% of pretax annual compensation, as defined in the Plan.
- Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
- The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.
- Automatically enrolled participants have their deferral rate set at 3% of eligible compensation.
- During 2024, the Company made discretionary employer matching contributions equal to 2% of base compensation for participants contributing 6% or more of their base compensation.
- For participants contributing less than 6% of their base compensation, the Company matched 33.33% of the employee contribution.
- Participants are immediately vested in their contributions, plus actual earnings thereon. Vesting in the Company contributions and earnings thereon is based on years of continuous service. Participants employed with the Plan Sponsor subsequent to March 1, 2014 become vested in employer matching and profit sharing contributions in accordance with the following schedule: Percentage Percentage Completed Matching Profit Sharing Years of Contributions Contributions Service Vested Vested 1 0% 0% 2 20% 20% 3 40% 40% 4 60% 60% 5 80% 80% 6 or more 100% 100% Participants employed with the Plan Sponsor before March 1, 2014 become vested in employer matching and profit sharing contributions in accordance with the following schedule: Percentage Percentage Completed Matching Profit Sharing Years of Contributions Contributions Service Vested
- Less than 1 years: 0%
- 6+ years: 100%
- 100% Participants are immediately vested upon termination of the Plan, upon reaching early retirement age of 59 1/2, upon reaching the normal retirement age of 65, or upon disability or death while an employee of the Plan Sponsor.
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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