UNILEVER ADVANTAGE SAVINGS PLAN Contribution & Employer Match
UNILEVER ADVANTAGE SAVINGS PLAN Contribution & Employer Match
UNILEVER UNITED STATES, INC provides the following retirement savings benefits to its employees:
UNILEVER ADVANTAGE SAVINGS PLAN Average Participant Retirement Account Value
UNILEVER ADVANTAGE SAVINGS PLAN Estimated Average Employee Contribution Amount
453,937.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,092.00 in UNILEVER ADVANTAGE SAVINGS PLAN, assuming a 10%* annual return.
2023 & 2024 401(k) contribution limits by IRS
Pretax and roth employee contributions | Employee and employer contributions combined | Catch-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 UNILEVER ADVANTAGE SAVINGS PLAN
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’.
UNILEVER ADVANTAGE SAVINGS PLAN Total Employer Contribution and Match Rate
UNILEVER ADVANTAGE SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $1,986.00 for 20 years would give you extra $127,121.00, assuming a 10% annual return.
UNILEVER ADVANTAGE SAVINGS PLAN Contribution & Match Policy
1. Employee Contribution Rates: 1% to 50% of eligible compensation.
2. Employer Match/Contribution Conditions: Employer matches contributions made by participants ranging from 50% of 6% of the participant’s contribution to 100% of the participant’s contribution limited to 5% of a participant’s compensation per pay period.
3. Vesting Schedule/Eligibility: Participants are immediately vested in company matching contributions. Eligibility requires employees to work twenty or more hours a week; those not regularly scheduled can participate after one year of service with at least 1,000 hours worked.
4. Roth 401(k) contribution: Allowed.
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