BLACK & VEATCH RETIREMENT PROGRAM Contribution & Employer Match
BLACK & VEATCH RETIREMENT PROGRAM Contribution & Employer Match
BLACK & VEATCH HOLDING COMPANY provides the following retirement savings benefits to its employees:
BLACK & VEATCH RETIREMENT PROGRAM Average Participant Retirement Account Value
BLACK & VEATCH RETIREMENT PROGRAM Estimated Average Employee Contribution Amount
609,801.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,528.00 in BLACK & VEATCH RETIREMENT PROGRAM, 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 BLACK & VEATCH RETIREMENT PROGRAM
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’.
BLACK & VEATCH RETIREMENT PROGRAM Total Employer Contribution and Match Rate
BLACK & VEATCH RETIREMENT PROGRAM Estimated Average Employer Match
Investing in this additonal $11,516.00 for 20 years would give you extra $737,040.00, assuming a 10% annual return.
BLACK & VEATCH RETIREMENT PROGRAM Contribution & Match Policy
1. Employee Contribution Rates: Participants may elect to contribute up to 60% of their compensation, subject to certain IRC provisions.
2. Employer Match/Contribution Conditions: The Company matches 50% of the first 6% of each participant’s pay contributed to the Plan, excluding catch-up contributions. The Company may also make ESOP contributions equal to 10% of each participant’s eligible salary up to $305,000.
3. Vesting Schedule/Eligibility: A participant is 100% vested in the matching contribution after three years of credited service. Vesting in the discretionary portion occurs in 20% increments, with 20% vested after 2 years, 40% after 3 years, and full vesting after 6 years of service. All employees may participate upon hiring, except for foreign nationals working outside the U.S. and certain construction and craft personnel.
Recent Articles
- A Step-by-Step Guide to Finding Your Old 401(k) Account
- How Paying Credit Card Interest Often Hurts Your Credit Score
- The ABCs of Roth Conversions: Backdoor, Mega Backdoor, and More
- April 2025 MyPlanIQ Portfolio Update
- 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
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 …