What is ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN's employer match?

In 2023, ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN reported $37,608 in employer contributions. That is about 15.1% of reported employee contributions.

How many participants are in ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN?

At the end of 2023, ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN reported 116 plan participants.

What are ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN's total assets?

At the end of 2023, ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN reported total plan assets of $2,621,290.

When was ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN established?

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN was established in 1997.

What are the investment options in ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN?

MyPlanIQ tracks the investment lineup for ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/andersen-products-inc-401k-savings-plan/

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN Contribution & Employer Match

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How ANDERSEN PRODUCTS, INC. Supports Your Retirement Savings

ANDERSEN PRODUCTS, INC. provides retirement savings benefits through ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN is $22,597.00

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN is $2,138.00. 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.
136,868.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,138.00 in ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN allocates $37,608.00 to match its employees’ contributions, providing an employer match rate of 15.09% of their contributions

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN is approximately $324.00
Investing in this additonal $324.00 for 20 years would give you extra $20,749.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Up to 80% of their annual pre-tax and/or after-tax compensation, not to exceed the limits set by the Internal Revenue Service (IRS).

2. Employer Match/Contribution Conditions: The employer matches 25% of the first 6% of base compensation that each participant contributes to the plan (increased to 50% effective April 1, 2023).

3. Vesting Schedule/Eligibility: The vesting schedule for employer contributions is as follows:

4. – Less than 2 years: 0%

5. – 2 years: 25%

6. – 3 years: 50%

7. – 4 years: 75%

8. – 5 years: 100%

9. Eligibility requires the employee to have attained age 21 and worked three consecutive months.

ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN Maximum Employer Match Calculator

This calculator helps participants of ANDERSEN PRODUCTS, INC. 401(K) SAVINGS PLAN to calculate the minimal bi-weekly contribution that would generate the maximum employer match allowed. It takes into account IRS annual contribution limits. Please update the annual contribution limits below if they are outdated.

Bi-weekly Pay Amount ($):

Age:

Annual Contribution Limit – Under 50 ($):

Annual Contribution Limit – Age 50+ ($):

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

	2024	2025
Employee elective deferrals (pretax + Roth)	$23,000	$23,500
Employee + employer contributions combined	$69,000	$70,000
Catch-up contributions (age 50+)	$7,500	$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)	N/A	$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

Get Key Insights for This Plan

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