VIAD CORP CAPITAL ACCUMULATION PLAN Contribution & Employer Match
VIAD CORP CAPITAL ACCUMULATION PLAN Contribution & Employer Match
VIAD CORP provides the following retirement savings benefits to its employees:
VIAD CORP CAPITAL ACCUMULATION PLAN Average Participant Retirement Account Value
VIAD CORP CAPITAL ACCUMULATION PLAN Estimated Average Employee Contribution Amount
262,392.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,099.00 in VIAD CORP CAPITAL ACCUMULATION 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 VIAD CORP CAPITAL ACCUMULATION 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’.
VIAD CORP CAPITAL ACCUMULATION PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute up to 50% of their eligible compensation.
2. Employer Match/Contribution Conditions: The employer matches 100% of each participant’s pre-tax and Roth deferral contributions up to 3% of eligible compensation, and an additional 50% on the next 2% of contributions, leading to an overall maximum matching contribution of 4% of eligible compensation.
3. Vesting Schedule/Eligibility: All matching contributions are 100% vested and non-forfeitable. Eligibility requires employees to work at least 1,000 hours during a consecutive 12-month period and be paid a regular fixed compensation.
4. Allows Roth 401(k) Contributions: Yes.
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