RADISYS CORPORATION 401(K) SAVINGS PLAN Contribution & Employer Match
RADISYS CORPORATION 401(K) SAVINGS PLAN Contribution & Employer Match
RADISYS CORPORATION provides the following retirement savings benefits to its employees:
RADISYS CORPORATION 401(K) SAVINGS PLAN Average Participant Retirement Account Value
RADISYS CORPORATION 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
264,579.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,134.00 in RADISYS CORPORATION 401(K) SAVINGS 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 RADISYS CORPORATION 401(K) SAVINGS 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’.
RADISYS CORPORATION 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
RADISYS CORPORATION 401(K) SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $1,219.00 for 20 years would give you extra $78,030.00, assuming a 10% annual return.
RADISYS CORPORATION 401(K) SAVINGS PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute up to 100% of their eligible compensation.
2. Employer Match/Contribution Conditions: The employer matches 50% of the first 6% deferred into the plan.
3. Vesting Schedule/Eligibility: The vesting schedule for employer contributions is as follows: 0% vested after less than one year of service, 33% vested after 1 year but less than 2 years, 66% vested after 2 years but less than 3 years, and 100% vested after 3 years of service or more. Participants become fully vested upon death or total and permanent disability.
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