LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN Contribution & Employer Match
How LYCEE FRANCAIS DE NEW YORK Supports Your Retirement Savings
LYCEE FRANCAIS DE NEW YORK provides retirement savings benefits through LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION 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.
LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN Average Participant Retirement Account Value
LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employee Contribution Amount
310,644.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,853.00 in LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION 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.
LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN Total Employer Contribution and Match Rate
LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $4,556.00 for 20 years would give you extra $291,589.00, 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.
LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN Contribution & Match Policy
LYCEE FRANCAIS DE NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN Contribution, Match and Other Plan Policies
- Each year, participants may contribute up to 100 percent of pre-tax annual compensation, as defined in the Plan, up to the amount allowed under the Internal Revenue Service (IRS) rules.
- Participants can choose any whole percentage or specific dollar amount of their pay to contribute to the Plan.
- Participants who are at least age 50 or who will reach age 50 during the Plan year will have the option to make additional pre-tax contributions provided certain requirements are met.
- Such participants are permitted to make additional pre-tax contributions up to $7,500 in 2024 and 2023.
- Effective January 1 2022, the Sponsor amended the Plan to include a Roth Deferral Contribution option allowing eligible employees to contribute after-tax-dollars which allows for potential tax-free earnings and tax-free distributions, provided the distribution is taken after attaining age 59 1/2, disability or death.
- Under the Plan, participants who have completed one year of service and contribute at least five percent of base compensation to the Plan will receive a matching contribution from the Sponsor of ten percent of a participant’s includible compensation up to the amount allowed under the IRS rules.
- Participants who contribute less than five percent receive no Sponsor matching contribution.
- Participants are vested immediately in their voluntary contributions and the Employer’s contributions plus earnings thereon.
- As all contributions for the participant are fully vested, there are no forfeitures in the Plan.
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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