WORKPLACE RESOURCE 401K RETIREMENT PLAN Contribution & Employer Match
How CDMM CORP Supports Your Retirement Savings
CDMM CORP provides retirement savings benefits through WORKPLACE RESOURCE 401K RETIREMENT 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.
WORKPLACE RESOURCE 401K RETIREMENT PLAN Average Participant Retirement Account Value
WORKPLACE RESOURCE 401K RETIREMENT PLAN Estimated Average Employee Contribution Amount
193,583.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,024.00 in WORKPLACE RESOURCE 401K RETIREMENT PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in WORKPLACE RESOURCE 401K RETIREMENT 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.
WORKPLACE RESOURCE 401K RETIREMENT PLAN Total Employer Contribution and Match Rate
WORKPLACE RESOURCE 401K RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $1,464.00 for 20 years would give you extra $93,753.00, 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.
WORKPLACE RESOURCE 401K RETIREMENT PLAN Contribution & Match Policy
WORKPLACE RESOURCE 401K RETIREMENT PLAN Contribution, Match and Other Plan Policies
- The Plan provides for employee salary deferral contributions up to a maximum of 100 percent of annual compensation subject to maximum tax-deferred limitations established by the Internal Revenue Code.
- The Plan also allows participants to contribute up to 100 percent of their compensation on an after-tax basis.
- Employees are automatically enrolled in the Plan upon meeting eligibility requirements at a deferral rate equal to 3 percent of eligible compensation.
- The employee’s deferral rate automatically escalates by 1 percent annually up to a maximum of 6 percent unless the employee opts out of participating or elects a different percentage.
- The Plan provides for employer safe harbor matching contributions of 100 percent of the participant’s elective deferrals up to 1 percent of eligible compensation, plus 50 percent of elective deferrals above 1 percent of eligible compensation, but do not exceed 6 percent of eligible compensation.
- Participants’ contributions, employer safe harbor matching contributions, employer discretionary profit-sharing contributions, and related earnings are fully vested at all times and are not subject to forfeiture for any reason.
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.
Get Key Insights for This Plan
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