OLD DOMINION 401(K) RETIREMENT PLAN Contribution & Employer Match
How OLD DOMINION FREIGHT LINE, INC. Supports Your Retirement Savings
OLD DOMINION FREIGHT LINE, INC. provides retirement savings benefits through OLD DOMINION 401(K) 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.
OLD DOMINION 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
OLD DOMINION 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
367,145.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,736.00 in OLD DOMINION 401(K) RETIREMENT PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in OLD DOMINION 401(K) 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.
OLD DOMINION 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
OLD DOMINION 401(K) RETIREMENT PLAN Estimated Average Employer Match
Investing in this additonal $4,375.00 for 20 years would give you extra $280,029.00, 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.
OLD DOMINION 401(K) RETIREMENT PLAN Contribution & Match Policy
OLD DOMINION 401(K) RETIREMENT PLAN Contribution, Match and Other Plan Policies
- Each year, participants may contribute from 1% to 60% of annual compensation, as defined in the Plan document, as pre-tax and/or Roth after-tax elective deferrals, subject to certain limitations set forth in the Internal Revenue Code of 1986, as amended ("IRC").
- Participants who have attained age 50 before the end of the Plan year and have contributed the maximum allowable elective deferral contribution are also eligible to make catch-up contributions up to the maximum set forth in the IRC.
- Participants may also contribute certain amounts representing distributions from individual retirement accounts or other qualified defined benefit or defined contribution plans.
- Upon satisfying the Plan’s eligibility criteria, a participant will be automatically enrolled in the Plan to defer 3% of annual compensation on a pre-tax basis unless the participant (i) elects not to defer any annual compensation, (ii) elects to defer a different percentage of annual compensation, or (iii) elects to contribute Roth after-tax elective deferrals.
- The Company matches 50% of the first 6% of compensation that a participant contributes to the Plan.
- Additional Employer matching contributions may be made at the Company’s discretion.
- Eligible Plan participants who have completed 1,000 hours of service and who (i) were actively employed on the last day of the Plan year, or (ii) terminated employment due to death, disability, or attainment of normal retirement age during the Plan year, are eligible to share in any Company discretionary matching contributions for that Plan year.
- Vesting schedule: Years of Service
- Less than 2 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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