THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES Contribution & Employer Match

THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES Contribution & Employer Match

S&P GLOBAL, INC. provides the following retirement savings benefits to its employees:

THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES is $421,768.00

THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES is $13,381.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
856,415.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 13,381.00 in THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

 Pretax and roth employee contributionsEmployee and employer contributions combinedCatch-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 THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES

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’.

THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES Total Employer Contribution and Match Rate

In 2023, THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES allocates $124,971,000.00 to match its employees' contributions, providing an employer match rate of 74.91% of their contributions

THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES is approximately $10,059.00
Investing in this additonal $10,059.00 for 20 years would give you extra $643,817.00, assuming a 10% annual return.

THE 401(K) SAVINGS AND PROFIT SHARING PLAN OF S&P GLOBAL INC. AND ITS SUBSIDIARIES Contribution & Match Policy

1. Employee Contribution Rates: Participants may elect to contribute up to 25% of their pre-tax compensation.

2. Employer Match/Contribution Conditions: The Company matches 100% of the first 6% of tax-deferred compensation contributed to the Plan by the employee.

3. Vesting Schedule/Eligibility: Matching contributions by the employer are fully vested immediately. Employer profit sharing contributions vest as follows: After 2 years of continuous service - 20% vested; After 3 years - 40% vested; After 4 years - 60% vested; After 5 years - 100% vested. Employees have immediate eligibility to participate after completing the enrollment process.

4. Roth 401(k) contribution: The Plan includes a Roth 401(k) contribution option which allows participants to contribute after-tax dollars.


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