DXC TECHNOLOGY MATCHED ASSET PLAN Contribution & Employer Match
DXC TECHNOLOGY MATCHED ASSET PLAN Contribution & Employer Match
DXC TECHNOLOGY COMPANY provides the following retirement savings benefits to its employees:
DXC TECHNOLOGY MATCHED ASSET PLAN Average Participant Retirement Account Value
DXC TECHNOLOGY MATCHED ASSET PLAN Estimated Average Employee Contribution Amount
189,705.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,964.00 in DXC TECHNOLOGY MATCHED ASSET 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 DXC TECHNOLOGY MATCHED ASSET 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’.
DXC TECHNOLOGY MATCHED ASSET PLAN Total Employer Contribution and Match Rate
DXC TECHNOLOGY MATCHED ASSET PLAN Estimated Average Employer Match
Investing in this additonal $868.00 for 20 years would give you extra $55,612.00, assuming a 10% annual return.
DXC TECHNOLOGY MATCHED ASSET PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute between 1% and 50% of their salary to the plan.
2. Employer Match/Contribution Conditions: The employer will contribute an amount equal to 50% of the first 6% of the participant's compensation deferral.
3. Vesting Schedule/Eligibility: Participants are fully vested immediately in their contributions. The majority have a vested interest in their matching contributions after one full year of service. A few selected groups have a vesting schedule of 25% after two years, increasing by 25% for each additional year, with acceleration to 100% upon reaching age 65, death, or total permanent disability.
4. Roth 401(k) Contribution: The plan allows Roth 401(k) contributions.
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