VERUS AEROSPACE 401(K) PLAN Contribution & Employer Match

How CADENCE AEROSPACE Supports Your Retirement Savings

CADENCE AEROSPACE provides retirement savings benefits through VERUS AEROSPACE 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.

VERUS AEROSPACE 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for VERUS AEROSPACE 401(K) PLAN is $39,756.00

VERUS AEROSPACE 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for VERUS AEROSPACE 401(K) PLAN is $6,103.00. 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.
390,627.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,103.00 in VERUS AEROSPACE 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in VERUS AEROSPACE 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.

VERUS AEROSPACE 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, VERUS AEROSPACE 401(K) PLAN allocates $1,310,708.00 to match its employees’ contributions, providing an employer match rate of 37.25% of their contributions

VERUS AEROSPACE 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in VERUS AEROSPACE 401(K) PLAN is approximately $1,136.00
Investing in this additonal $1,136.00 for 20 years would give you extra $72,753.00, 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.

VERUS AEROSPACE 401(K) PLAN Contribution & Match Policy

VERUS AEROSPACE 401(K) PLAN Plan Policies

VERUS AEROSPACE 401(K) PLAN Contribution, Match and Other Plan Policies

  • Participants may elect to contribute up to 60% of eligible pre-tax or post-tax compensation, not to exceed the limits of the Internal Revenue Code (IRC).
  • Employees who have attained at least 18 years of age are automatically enrolled in the Plan at an 8% deferral rate (unless the employee elects to opt-out or defer at a different amount) on the first of the month following completion of 2 months of service.
  • For the year ended December 31, 2024, the Company matched 50% of the participant’s deferral, up to the first 8% of compensation deferred.
  • Participants are immediately vested in their contributions plus actual earnings thereon.
  • The Company’s matching and discretionary nonelective contributions plus actual earnings thereon, become 33% vested following a full year of service, as defined, and continue to vest at the rate of 33% for each successive year of service until 100% vested after three (3) years of service, attaining normal retirement age, death or disability.

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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