DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN Contribution & Employer Match
How DETROIT PUBLIC MEDIA Supports Your Retirement Savings
DETROIT PUBLIC MEDIA provides retirement savings benefits through DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) 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.
DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN Average Participant Retirement Account Value
DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN Estimated Average Employee Contribution Amount
55,236.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 863.00 in DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) 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.
DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN Total Employer Contribution and Match Rate
DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN Estimated Average Employer Match
Investing in this additonal $1,840.00 for 20 years would give you extra $117,798.00, 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.
DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN Contribution & Match Policy
DETROIT EDUCATIONAL TELEVISION FOUNDATION 403(B) PLAN Contribution, Match and Other Plan Policies
- The Plan requires employee mandatory contributions of a percentage of pretax annual compensation for employees who have reached age 30 and have two years of eligible service.
- The employee mandatory contribution percentage at December 31, 2024 and 2023 was 1% of annual eligible compensation.
- Participants may make additional elective pretax deferral contributions to the Plan, subject to maximum tax deferral limitations established by the Internal Revenue Code (IRC).
- Employees are eligible to make elective contributions at any time.
- Prior to reaching age 30 and having two years of service, which is the time at which employee contributions are mandatory, participants may elect to make voluntary pretax deferrals to the Plan.
- The Plan also provides for the Organization to make required contributions of a percentage of the participant’s eligible compensation.
- The employer contribution percentage was 1% of annual compensation in both 2024 and 2023.
- Participants are vested immediately in their contributions and the Organization’s contributions plus actual earnings thereon.
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.
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