PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST Contribution & Employer Match
How PERFORMANCE MODALITIES, INC. Supports Your Retirement Savings
PERFORMANCE MODALITIES, INC. provides retirement savings benefits through PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST. 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.
PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
183,510.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,867.00 in PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST
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.
PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
Investing in this additonal $1,309.00 for 20 years would give you extra $83,827.00, 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.
PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST Contribution & Match Policy
PERFORMANCE MODALITIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST Contribution, Match and Other Plan Policies
- Eligible participants are permitted to elect to have a percentage, limited by Plan provisions, of their compensation contributed as pre-tax 401(k) or Roth contributions to the Plan.
- The Plan includes an auto-enrollment provision whereby all 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 4% of eligible compensation.
- Their contributions are invested in the designated default fund until changed by the participant.
- Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
- The Plan allows for safe harbor matching contributions.
- The Company will make a safe harbor matching contribution to the account of each eligible participant in an amount equal to 100% for the first 4% of the participant’s elected deferrals.
- Participants are immediately vested in all 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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