THE BALTIMORE LIFE 401K BENEFIT PLAN Contribution & Employer Match

How THE BALTIMORE LIFE INSURANCE CO. Supports Your Retirement Savings

THE BALTIMORE LIFE INSURANCE CO. provides retirement savings benefits through THE BALTIMORE LIFE 401K BENEFIT 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.

THE BALTIMORE LIFE 401K BENEFIT PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for THE BALTIMORE LIFE 401K BENEFIT PLAN is $200,539.00

THE BALTIMORE LIFE 401K BENEFIT PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for THE BALTIMORE LIFE 401K BENEFIT PLAN is $4,972.00. 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.
318,233.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,972.00 in THE BALTIMORE LIFE 401K BENEFIT PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in THE BALTIMORE LIFE 401K BENEFIT 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.

THE BALTIMORE LIFE 401K BENEFIT PLAN Total Employer Contribution and Match Rate

In 2024, THE BALTIMORE LIFE 401K BENEFIT PLAN allocates $799,284.00 to match its employees’ contributions, providing an employer match rate of 56.90% of their contributions

THE BALTIMORE LIFE 401K BENEFIT PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in THE BALTIMORE LIFE 401K BENEFIT PLAN is approximately $2,844.00
Investing in this additonal $2,844.00 for 20 years would give you extra $182,043.00, 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.

THE BALTIMORE LIFE 401K BENEFIT PLAN Contribution & Match Policy

THE BALTIMORE LIFE 401K BENEFIT PLAN Plan Policies

THE BALTIMORE LIFE 401K BENEFIT PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may contribute up to 15% (subject to Internal Revenue Service ("IRS") limitations) of pre-tax annual compensation as defined by the Plan.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • New employees are automatically enrolled at a pre-tax deferral rate of 4% of eligible compensation, unless and until the employee opts out, after one month of service.
  • The Company contributes a 100% match on each dollar contributed by the participant up to the first 4% of a participant’s eligible compensation as defined by the Plan agreement.
  • In addition to this, the Company will contribute 2% of an employee’s annual pay, each year, to 401(k) accounts of all eligible employees whether they contribute to the Plan or not.
  • Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of continuous service. A participant is 100% vested after five years of credited service. The following presents the Company’s schedule of vesting: Years of service Vesting portion
  • Less than 2 years: 0%
  • 5+ years: 100%

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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