KIPP NYC 403(B) RETIREMENT PLAN Contribution & Employer Match
How KIPP NYC, LLC Supports Your Retirement Savings
KIPP NYC, LLC provides retirement savings benefits through KIPP NYC 403(B) RETIREMENT 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.
KIPP NYC 403(B) RETIREMENT PLAN Average Participant Retirement Account Value
KIPP NYC 403(B) RETIREMENT PLAN Estimated Average Employee Contribution Amount
294,530.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,602.00 in KIPP NYC 403(B) RETIREMENT PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in KIPP NYC 403(B) RETIREMENT 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.
KIPP NYC 403(B) RETIREMENT PLAN Total Employer Contribution and Match Rate
KIPP NYC 403(B) RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $1,762.00 for 20 years would give you extra $112,815.00, 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.
KIPP NYC 403(B) RETIREMENT PLAN Contribution & Match Policy
KIPP NYC 403(B) RETIREMENT PLAN Contribution, Match and Other Plan Policies
- Each year, eligible participants may contribute a percentage up to 100% of pre-tax annual compensation, as defined by the Plan, up to the maximum allowed by the Internal Revenue Code (IRC).
- Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
- Participants may also contribute a percentage of their eligible compensation into the Plan on an post-tax basis (Roth contributions).
- Participants may also contribute amounts representing distributions from other qualified retirement plans (rollover contributions).
- Participants direct the investment of their contributions into various investment options offered by the Plan.
- The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan, unless they affirmatively elect not to participate in the Plan.
- Automatically enrolled participants have their deferral rate set at 5% of eligible compensation, and their contributions invested in the designated default fund until changed by the participant.
- The Plan Sponsor may, at its discretion, elect to make discretionary matching contributions to the Plan.
- For the year ended December 31, 2024 the discretionary match was 50% of participant deferrals up to the Internal Revenue Service (IRS) contribution limits.
- Participants are immediately vested in their contributions plus actual earnings thereon. Participants vest in the Plan Sponsor’s discretionary matching contributions and discretionary non-elective contributions based on years of service as follows: Years of Service
- Less than 1 years: 0%
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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