CONSTELLATION PHARMACEUTICALS 401(K) PLAN Contribution & Employer Match
CONSTELLATION PHARMACEUTICALS 401(K) PLAN Contribution & Employer Match
CONSTELLATION PHARMACEUTICALS provides the following retirement savings benefits to its employees:
CONSTELLATION PHARMACEUTICALS 401(K) PLAN Estimated Average Employee Contribution Amount
488,186.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,627.00 in CONSTELLATION PHARMACEUTICALS 401(K) 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 CONSTELLATION PHARMACEUTICALS 401(K) 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’.
CONSTELLATION PHARMACEUTICALS 401(K) PLAN Total Employer Contribution and Match Rate
CONSTELLATION PHARMACEUTICALS 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $2,167.00 for 20 years would give you extra $138,688.00, assuming a 10% annual return.
CONSTELLATION PHARMACEUTICALS 401(K) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants could contribute an amount up to a certain percentage of their pretax annual compensation, as defined in the Plan.
2. Employer Match/Contribution Conditions: The Company made matching contributions equal to 50% of the first 6% of deferrals contributed by a participant into the Plan.
3. Vesting Schedule/Eligibility: Participants were 100% vested in employer contributions when made. A participant must have been employed on the last day of the Plan year to be eligible to receive a non-elective discretionary matching contribution unless the employee was terminated due to death, disability, or retirement.
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