WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Contribution & Employer Match

How WOLVERINE WORLD WIDE, INC. Supports Your Retirement Savings

WOLVERINE WORLD WIDE, INC. provides retirement savings benefits through WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II. 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.

WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Average Participant Retirement Account Value

In 2024, the average participant retirement account value for WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II is $32,750.00

WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II is $770.00. 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.
49,298.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 770.00 in WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II

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.

WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Total Employer Contribution and Match Rate

In 2024, WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II allocates $323,179.00 to match its employees’ contributions, providing an employer match rate of 46.62% of their contributions

WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II is approximately $387.00
Investing in this additonal $387.00 for 20 years would give you extra $24,800.00, 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.

WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Contribution & Match Policy

WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Plan Policies

WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II Contribution, Match and Other Plan Policies

  • Participants may elect to make contributions to the Plan through payroll deductions of 1%-100% from each participant’s compensation, as defined, subject to statutory limitations.
  • The Plan also allows participants to transfer funds from other qualified plans into the Plan.
  • The Plan requires that certain employees are subject to automatic pay deferrals of 3% unless an affirmative alternate election is made.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • The matching contribution amount for the 2024 and 2023 plan years was 50% of the first 6% of the participant’s deferral for participants hired before January 1, 2013.
  • Participants hired after December 31, 2012 received a matching contribution of 100% of the first 5% deferred plus 50% of the next 1% deferred for the years ended December 31, 2024 and 2023.
  • Vesting schedule:
  • Less than 1 years: 0%

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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