WILLIAM JEWELL COLLEGE 403(B) PLAN Contribution & Employer Match

How WILLIAM JEWELL COLLEGE Supports Your Retirement Savings

WILLIAM JEWELL COLLEGE provides retirement savings benefits through WILLIAM JEWELL COLLEGE 403(B) 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.

WILLIAM JEWELL COLLEGE 403(B) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for WILLIAM JEWELL COLLEGE 403(B) PLAN is $124,146.00

WILLIAM JEWELL COLLEGE 403(B) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for WILLIAM JEWELL COLLEGE 403(B) PLAN is $2,360.00. 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.
151,079.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,360.00 in WILLIAM JEWELL COLLEGE 403(B) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in WILLIAM JEWELL COLLEGE 403(B) 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.

WILLIAM JEWELL COLLEGE 403(B) PLAN Total Employer Contribution and Match Rate

In 2024, WILLIAM JEWELL COLLEGE 403(B) PLAN allocates $536,903.00 to match its employees’ contributions, providing an employer match rate of 52.89% of their contributions

WILLIAM JEWELL COLLEGE 403(B) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in WILLIAM JEWELL COLLEGE 403(B) PLAN is approximately $1,242.00
Investing in this additonal $1,242.00 for 20 years would give you extra $79,541.00, 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.

WILLIAM JEWELL COLLEGE 403(B) PLAN Contribution & Match Policy

WILLIAM JEWELL COLLEGE 403(B) PLAN Plan Policies

WILLIAM JEWELL COLLEGE 403(B) PLAN Contribution, Match and Other Plan Policies

  • Participants may contribute up to the maximum amounts allowed under Section 402(g) of the Internal Revenue Code not to exceed certain limits of other Code Sections.
  • Employee rollover contributions are also permitted.
  • Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
  • The Plan allows for special code Section 403(b) catch-up contributions for those participants with 15 years of service.
  • The Plan Sponsor may make a discretionary matching contribution for eligible participants at the later of (i) the date the employee completes one year of service or (ii) the date the employee attains age 21.
  • For the years ended December 31, 2024 and 2023, the Plan Sponsor’s discretionary matching contribution was a 100% match up to 5% compensation.
  • The Plan Sponsor may also make an employer non-elective contribution.
  • For the years ended December 31, 2024 and 2023, the Plan Sponsor made an employer non-elective contribution to certain faculty members that were age 55 or older and had entered into a voluntary retirement agreement with the Plan Sponsor.
  • The non-elective contribution was 7.5% of the participant’s eligible compensation.
  • Participants are immediately vested in their voluntary contributions and the College’s contributions on their behalf, plus earnings thereon.

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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