What is BEOCARE GROUP, INC. 401(K) PLAN's employer match?

In 2022, BEOCARE GROUP, INC. 401(K) PLAN reported $15,985 in employer contributions. That is about 34.8% of reported employee contributions.

How many participants are in BEOCARE GROUP, INC. 401(K) PLAN?

At the end of 2022, BEOCARE GROUP, INC. 401(K) PLAN reported 108 plan participants.

What are BEOCARE GROUP, INC. 401(K) PLAN's total assets?

At the end of 2022, BEOCARE GROUP, INC. 401(K) PLAN reported total plan assets of $648,490.

When was BEOCARE GROUP, INC. 401(K) PLAN established?

BEOCARE GROUP, INC. 401(K) PLAN was established in 1978.

What are the investment options in BEOCARE GROUP, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for BEOCARE GROUP, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/beocare-group-inc-401k-plan/

BEOCARE GROUP, INC. 401(K) PLAN Contribution & Employer Match

How SHELBY ELASTICS, LLC Supports Your Retirement Savings

SHELBY ELASTICS, LLC provides retirement savings benefits through BEOCARE GROUP, INC. 401(K) 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.

BEOCARE GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for BEOCARE GROUP, INC. 401(K) PLAN is $6,004.00

BEOCARE GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for BEOCARE GROUP, INC. 401(K) PLAN is $390.00. 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.
24,988.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 390.00 in BEOCARE GROUP, INC. 401(K) PLAN, assuming a 10%* annual return.

*Data from public filings (2022) 611745903-001

Employer Match in BEOCARE GROUP, INC. 401(K) 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.

BEOCARE GROUP, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, BEOCARE GROUP, INC. 401(K) PLAN allocates $15,985.00 to match its employees’ contributions, providing an employer match rate of 34.84% of their contributions

BEOCARE GROUP, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in BEOCARE GROUP, INC. 401(K) PLAN is approximately $148.00
Investing in this additonal $148.00 for 20 years would give you extra $9,472.00, assuming a 10% annual return.

*Data from public filings (2022) 611745903-001

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.

BEOCARE GROUP, INC. 401(K) PLAN Contribution & Match Policy

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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Money headlines from this plan

These filing-based headlines surface the numbers most likely to affect a participant decision. Verify current plan documents before acting.

Average plan assets per reported participant: $6,005
Based on the 2022 public filing. This is a plan-wide average, not a personal retirement target. Calculate a personal retirement target.
Employer contributions per reported participant: $148
Based on the 2022 public filing. This reported average can include match, profit sharing, or other employer contributions. Review the match and contribution details.
Employee contributions per reported participant: $425
Based on the 2022 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.
Reported administrative expenses as a share of assets: 0.01%
Based on the 2022 public filing. This plan-level administrative ratio does not replace current fund expense ratios or participant fee disclosures. Estimate the long-term impact of fees.