TUMI, INC. PROFIT SHARING/401(K) PLAN Contribution & Employer Match

How TUMI, INC. Supports Your Retirement Savings

TUMI, INC. provides retirement savings benefits through TUMI, INC. PROFIT SHARING/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.

TUMI, INC. PROFIT SHARING/401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for TUMI, INC. PROFIT SHARING/401(K) PLAN is $55,267.00

TUMI, INC. PROFIT SHARING/401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for TUMI, INC. PROFIT SHARING/401(K) PLAN is $5,094.00. 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.
326,022.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,094.00 in TUMI, INC. PROFIT SHARING/401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in TUMI, INC. PROFIT SHARING/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.

TUMI, INC. PROFIT SHARING/401(K) PLAN Total Employer Contribution and Match Rate

In 2024, TUMI, INC. PROFIT SHARING/401(K) PLAN allocates $1,514,859.00 to match its employees’ contributions, providing an employer match rate of 53.39% of their contributions

TUMI, INC. PROFIT SHARING/401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in TUMI, INC. PROFIT SHARING/401(K) PLAN is approximately $1,359.00
Investing in this additonal $1,359.00 for 20 years would give you extra $87,029.00, 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.

TUMI, INC. PROFIT SHARING/401(K) PLAN Contribution & Match Policy

TUMI, INC. PROFIT SHARING/401(K) PLAN Plan Policies

TUMI, INC. PROFIT SHARING/401(K) PLAN Contribution, Match and Other Plan Policies

  • Eligible participants may make voluntary contributions through salary reductions from 1% to 60% of their eligible annual compensation, as defined by the Plan, limited to the maximum amount allowable under the provisions of the IRC ($23,000 in 2024).
  • Further, participants who are 50 years of age or older as of December 31, 2024, may contribute an additional "catch up" contribution ($7,500 in 2024).
  • The Plan also allows for the participants to make Roth deferral contributions.
  • The Company makes safe harbor matching contributions of 100% of the employee’s contribution on the first 3% of eligible compensation and 50% of the employee’s contribution on the next 2% of eligible compensation.
  • Participants are 100% vested in pre-tax employee contributions, Safe Harbor contributions, Roth deferral contributions, rollover accounts, and earnings thereon.
  • Effective January 1, 2007, all sponsor discretionary profit-sharing contributions and earnings are vested in accordance with the following schedule: Years of Service Vested Percentage Less than three: 0% Three or more: 100% Participants with account balances derived from sponsor discretionary profit-sharing contributions and earnings beginning prior to January 1, 2007 are vested in accordance with the following schedule: Years of Service Vested Percentage Less than three: 0% Three: 25% Four: 50% Five or more: 100% Participants’ accounts become fully vested upon death, total disability, reaching normal retirement age, or termination of the Plan.

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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