WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN Contribution & Employer Match
How WARREN EQUIPMENT COMPANY Supports Your Retirement Savings
WARREN EQUIPMENT COMPANY provides retirement savings benefits through WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS 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.
WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN Average Participant Retirement Account Value
WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN Estimated Average Employee Contribution Amount
358,717.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,604.00 in WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS 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.
WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN Total Employer Contribution and Match Rate
WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $3,494.00 for 20 years would give you extra $223,627.00, 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.
WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute up to 100% of their eligible compensation toward Plan contributions, up to specified limits established by the Internal Revenue Service.
2. Employer Match/Contribution Conditions: The employer matches up to 6% of the salary deposit contribution made by the participant for each pay period and may also make an annual bonus matching contribution of up to 100% of the first 6% of the participant’s eligible compensation for the fiscal year, provided the participant has made an elective deferral during the fiscal year and is employed on the last day of the fiscal year. The total matching contributions (including the bonus) cannot exceed 6% of the participant’s eligible compensation in aggregate.
3. Vesting Schedule/Eligibility: Vesting in employer matching contributions occurs as follows:
4. – Less than one year: 0%
5. – One but less than two years: 25%
6. – Two but less than three years: 50%
7. – Three but less than four years: 75%
8. – Four or more years: 100%
9. A participant is 100% vested upon disability or death. The “years of service” include all periods of employment except for years in which an employee worked less than 1,000 hours.
WARREN EQUIPMENT COMPANY 401(K) RETIREMENT AND SAVINGS PLAN Maximum Match Calculator
This calculator helps to decide what's the minimum contribution you have to maximize your employer match.
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:
| 2024 | 2025 | |
|---|---|---|
| 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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