RAKUTEN USA 401(K) PLAN Contribution & Employer Match
RAKUTEN USA 401(K) PLAN Contribution & Employer Match
RAKUTEN USA provides the following retirement savings benefits to its employees:
RAKUTEN USA 401(K) PLAN Average Participant Retirement Account Value
RAKUTEN USA 401(K) PLAN Estimated Average Employee Contribution Amount
472,104.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,376.00 in RAKUTEN USA 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 RAKUTEN USA 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’.
RAKUTEN USA 401(K) PLAN Total Employer Contribution and Match Rate
RAKUTEN USA 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $3,155.00 for 20 years would give you extra $201,962.00, assuming a 10% annual return.
RAKUTEN USA 401(K) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute up to 60% of pretax annual compensation.
2. Employer Match/Contribution Conditions: The employer matched 100% of employee contributions, up to 3% of eligible compensation deferred to the Plan.
3. Vesting Schedule/Eligibility: Participants are 100% vested in their contributions immediately. Vesting in the Company’s contribution is based on years of continuous service, with full vesting after one year of credited service.
4. Roth 401(k) Contribution: Yes, the plan allows Roth contributions utilizing after-tax contributions.
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