STERIS CORPORATION 401(K) PLAN Contribution & Employer Match
How STERIS CORPORATION Supports Your Retirement Savings
STERIS CORPORATION provides retirement savings benefits through STERIS CORPORATION 401(K) 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.
STERIS CORPORATION 401(K) PLAN Average Participant Retirement Account Value
STERIS CORPORATION 401(K) PLAN Estimated Average Employee Contribution Amount
430,341.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,724.00 in STERIS CORPORATION 401(K) PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in STERIS CORPORATION 401(K) 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.
STERIS CORPORATION 401(K) PLAN Total Employer Contribution and Match Rate
STERIS CORPORATION 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $2,209.00 for 20 years would give you extra $141,384.00, 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.
STERIS CORPORATION 401(K) PLAN Contribution & Match Policy
STERIS CORPORATION 401(K) PLAN Contribution, Match and Other Plan Policies
- The Plan allows participants to contribute between one and fifty percent of their compensation received during a calendar year, subject to certain limitations.
- The contributions for each participant are made by payroll deductions and are determined each pay period by multiplying the participant selected deferral percentage rate then in effect by his/her eligible compensation for such period.
- Participants who have attained age 50 before the close of the calendar year are eligible to make catch-up contributions.
- For the years ended December 31, 2024 and 2023 employer matching contributions were 100% of a participant’s contribution (not in excess of one percent of eligible compensation), and 50% of the participant’s contributions (in excess of one percent but not in excess of six percent of eligible compensation), subject to certain Plan limitations.
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.
Get Key Insights for This Plan
Join our community and get data-driven insights about STERIS CORPORATION 401(K) PLAN. See how it compares to peer companies in fees, match generosity, and investment quality as soon as our new ranking reports go live.
Notify Me When Ratings Go LiveExplore More Plan Resources
Recent Articles
- Delta’s 401(k): 9% Employer Contribution, 367 Funds, and a Smart Auto-Escalation Design
- Providence Health’s 100% Match on 6% and $600M Pay Raise: What Employees Need to Know
- Meta’s 401(k): 50% Match, Immediate Vesting, and $670M on the Table
- Making Sense of Mixed Signals
- Nike’s 401(k) Match Is Dollar-for-Dollar, Even When the Swoosh Is Struggling
- Tesla 401(k) Review: 50% Match Up to $3,000 — Is That Enough for TSLA Employees?
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Customize Asset Allocation Portfolios
Retirement Calculator
Investment Calculator
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …
Keep researching STERIS CORPORATION 401(K) PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- ALCON 401(K) SAVINGS PLAN (13,230 participants, $2,941,407,957)
- ALCON RETIREMENT PLAN (12,995 participants, $974,200,975)
- BECTON, DICKINSON AND COMPANY SAVINGS INCENTIVE PLAN (14,257 participants, $2,229,595,463)
- COOK GROUP INC. PROFIT SHARING PLAN (11,105 participants, $1,376,696,193)
- ZIMMER BIOMET HOLDINGS, INC. SAVINGS AND INVESTMENT 401(K) PROGRAM (10,982 participants, $1,480,190,524)