CANADIAN SOLAR (USA) 401(K) PLAN Contribution & Employer Match

How CANADIAN SOLAR USA INC. Supports Your Retirement Savings

CANADIAN SOLAR USA INC. provides retirement savings benefits through CANADIAN SOLAR (USA) 401(K) 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.

CANADIAN SOLAR (USA) 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for CANADIAN SOLAR (USA) 401(K) PLAN is $64,387.00

CANADIAN SOLAR (USA) 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for CANADIAN SOLAR (USA) 401(K) PLAN is $13,384.00. 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.
856,633.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 13,384.00 in CANADIAN SOLAR (USA) 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in CANADIAN SOLAR (USA) 401(K) 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.

CANADIAN SOLAR (USA) 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, CANADIAN SOLAR (USA) 401(K) PLAN allocates $5,653,365.00 to match its employees’ contributions, providing an employer match rate of 74.95% of their contributions

CANADIAN SOLAR (USA) 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in CANADIAN SOLAR (USA) 401(K) PLAN is approximately $7,285.00
Investing in this additonal $7,285.00 for 20 years would give you extra $466,256.00, 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.

CANADIAN SOLAR (USA) 401(K) PLAN Contribution & Match Policy

CANADIAN SOLAR (USA) 401(K) PLAN Plan Policies

CANADIAN SOLAR (USA) 401(K) PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may contribute an amount of eligible pretax annual compensation as defined in the Plan agreement, not to exceed the maximum statutory amount.
  • The Plan allows for automatic enrollment for eligible employees as defined in plan documents with a deferral rate of 7% of eligible compensation, unless the employee elects differently.
  • The Plan allows for ROTH deferral contributions.
  • Participants who are age 50 or older can elect to make catch-up contributions to the Plan, not to exceed the maximum statutory amount.
  • The Company matched 100% of a participant’s contributions up to 7% of eligible compensation.
  • Participants are 100% vested in their contributions, rollover amounts and discretionary profit-sharing contribution plus actual earnings thereon.
  • Vesting in the discretionary matching contribution and earnings is based on years of credited service; 25% per year starting after the first year and full vesting after four years.
  • Participants become fully vested in the event of death, disability, retirement age, or plan termination.

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:

 20242025
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.

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