NCAA RETIREMENT PLAN Contribution & Employer Match
NCAA RETIREMENT PLAN Contribution & Employer Match
NATIONAL COLLEGIATE ATHLETIC ASSOCIATION provides the following retirement savings benefits to its employees:
NCAA RETIREMENT PLAN Average Participant Retirement Account Value
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 NCAA RETIREMENT 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’.
NCAA RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $7,007.00 for 20 years would give you extra $448,510.00, assuming a 10% annual return.
NCAA RETIREMENT PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants are not required nor are they permitted to contribute to the Plan.
2. Employer Match/Contribution Conditions: The NCAA contributes to the Plan an amount equal to 10% of each participant’s eligible compensation.
3. Vesting Schedule/Eligibility: Vesting occurs primarily upon attainment of age 65 or according to the following schedule:
4. - Less than 2 years: 0%
5. - 2 years: 20%
6. - 3 years: 40%
7. - 4 years: 60%
8. - 5 years: 80%
9. - 6 years: 100%
10. Eligibility requires employees to have been employed for at least six months.
Recent Articles
- Roth IRAs for Retirees
- Lazy Portfolios Aren't Lazy in Growing Wealth
- Lazy Portfolios in Different Market Conditions
- Tax-Efficient Lazy Portfolios
- Lazy Portfolios for Retirement Investing
- How to Implement a Lazy Portfolio
- What Are Lazy Portfolios?
- IRAs as One of the Emergency Fund Sources
- How to Borrow From an IRA?
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 ...