ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN Contribution & Employer Match
ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN Contribution & Employer Match
ADVANCED DIGITAL DATA, INC. provides the following retirement savings benefits to its employees:
ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
458,054.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,157.00 in ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN, assuming a 10%* annual return.
2023 & 2024 401(k) contribution limits by IRS
| Pretax and roth employee contributions | Employee and employer contributions combined | Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over) | |
|---|---|---|---|
| 401(k) contribution limit for 2023 | $22,500 | $66,000 | $7,500 |
| 401(k) contribution limit for 2024 | $23,000 | $69,000 | $7,500 |
$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.
$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!
Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.
Employer match in ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $657.00 for 20 years would give you extra $42,099.00, assuming a 10% annual return.
ADVANCED DIGITAL DATA INC. EMPLOYEE SAVINGS PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may contribute any percentage of pre-tax annual compensation, up to the applicable limits by law.
2. Employer Match/Contribution Conditions: Employer match and discretionary contributions may be contributed at the option of the Company's Board of Directors.
3. Vesting Schedule/Eligibility: A participant is 100% vested after five years of credited service for the employer match and discretionary profit-sharing contributions. All participants are vested immediately in their contributions plus actual earnings.
Recent Articles
- Paying Off Debt or Funding Retirement? How to Decide When Every Dollar Counts
- The Right Way to Withdraw from Your 401(k) Without Regret
- Retirement Plan Contribution Limits in 2025
- Need to Withdraw From Your 401(k)? Follow This Order: Hardship Withdrawal, 401(k) Loan, and Penalty Withdrawal
- Maximize Your Cash Returns
- March 2025 MyPlanIQ Portfolio Update
- Roth IRA for Kids? SEP IRA for Rental Income?
- 6 Ways to Cope in Your Retirement Savings & Spending Under the Current DOGE, Tariff Regime
- Outsaving Regular Workers: How Gig Workers & Entrepreneurs Can Save 3x More for Retirement—Up to $70K Tax-Deferred!
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Customize Asset Allocation Portfolios
Retirement Calculator
Investment Calculator
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …