THE HOME DEPOT FUTUREBUILDER Contribution & Employer Match

THE HOME DEPOT FUTUREBUILDER Contribution & Employer Match

THE HOME DEPOT, INC. provides the following retirement savings benefits to its employees:

THE HOME DEPOT FUTUREBUILDER Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THE HOME DEPOT FUTUREBUILDER is $27,309.00

THE HOME DEPOT FUTUREBUILDER Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for THE HOME DEPOT FUTUREBUILDER is $1,501.00. 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.
96,099.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,501.00 in THE HOME DEPOT FUTUREBUILDER, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

 Pretax and roth employee contributionsEmployee and employer contributions combinedCatch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023$22,500$66,000$7,500
401(k) contribution limit for 2024$23,000$69,000$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

Employer match in THE HOME DEPOT FUTUREBUILDER

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

THE HOME DEPOT FUTUREBUILDER Total Employer Contribution and Match Rate

In 2023, THE HOME DEPOT FUTUREBUILDER allocates $257,914,405.00 to match its employees' contributions, providing an employer match rate of 38.17% of their contributions

THE HOME DEPOT FUTUREBUILDER Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in THE HOME DEPOT FUTUREBUILDER is approximately $559.00
Investing in this additonal $559.00 for 20 years would give you extra $35,816.00, assuming a 10% annual return.

THE HOME DEPOT FUTUREBUILDER Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to 50% of their annual compensation to the plan.

2. Employer Match/Contribution Conditions: The Company matches 150% of the first 1% of eligible compensation contributed by a participant and 50% of the next 2% to 5% of eligible compensation contributed by a participant, starting from the first day of the calendar quarter after the completion of one year of service and 1,000 hours or after two years of service, regardless of hours worked.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their contributions. For the Company's matching contributions, participants are cliff vested 100% after three years of service. A participant also becomes 100% vested in the Company's matching contributions upon completing five years of employment, or upon death, attaining age 65 while still employed, or total/permanent disability.

4. Yes, it allows Roth 401(k) contributions.

Recent Articles

Free newsletters

High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...

Puzzled on what to invest?

  • We ask a few questions to decide your personal return and risk expectations
  • We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a  brokerage account
  • We monitor and send timely rebalance emails on what investment funds to buy and sell

Get Started

Looking for ideas to generate income?

  • ETF or mutual fund income portfolios for 4-7% annual income
  • Dividend stock funds
  • Passive real estate investments
  • more ...

Click for tips and plans for income

Portfolio Calculator (Simulator)

Quickly enter fund allocation and get a back test result on the performance of this 'lazy' portfolio.

Customize Asset Allocation Portfolios

Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.

Retirement Calculator

See how much you can save for retirement.

Investment Calculator

Grow your wealth and see the power of compounding.


Looking for a (forgotten) 401(k)?

Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...