Contribution Maximizer Instructions
This tool is designed to help you model your Pre-tax, Roth, and Catch-up contributions (if applicable) and assess the corresponding Matching contributions from First Citizens Bank. You can consider different scenarios, modeling the impact of increases or decreases to your 401(k) contribution elections, assumed annual compensation, or other inputs.
The IRS applies certain limits to the amount that can be contributed to a 401(k) plan annually. If you contribute too much to your 401(k) too quickly, it can result in missed Matching contributions from First Citizens Bank. The applicable IRS limits for 2025 are shown below.
| 2025 IRS Limits | |
|---|---|
| Pre-tax / Roth contribution limit (combined) | $23,500 |
| Catch-Up contribution limit (employees age 50 or older during 2025 calendar year) | $7,500 |
| Maximum Eligible compensation | $350,000 |
The progress bar at the top of this page shows the steps required to complete the modelling session. On the next page you will enter your information, and then you can assess your Current Scenario vs the Next Level Considerations and Model Your Own Scenario. Your results will be summarized for you and you can update your elections, if desired, on NetBenefits.
Savings Level Scenarios
Not Maximizing the Match
Scenario: You are not contributing enough to receive the full First Citizens Bank Matching contribution.
Consideration: Increase your contributions to at least the level where you are Maximizing the Match.
Maximizing the Match
Scenario: You are contributing enough to maximize the First Citizens Bank Matching contribution, but you are not reaching the maximum contributions allowed by the IRS.
Consideration: Increase your total savings by Contributing 2% More.
Contribute 2% More
Scenario: You are contributing enough to maximize the First Citizens Bank Matching contribution and increasing your contributions by an additional 2% will increase your total savings.
Maximizing Contributions
Scenario: You are contributing enough to maximize the First Citizens Bank Matching contribution and you are contributing up to the IRS Limit. You have maxed out your savings opportunities in the First Citizens Bank 401(k).
Consideration: You’re doing great! Keep doing what you’re doing.
Contributing Too Fast
Scenario: You are contributing enough to reach the IRS Limit; however, you are doing it too quickly. Ultimately, when you reach the IRS Limit, your contributions will stop along with any future First Citizens Bank Matching contributions you could have been eligible to receive.
Consideration: Reduce your contribution election to the appropriate level in order to Maximize Matching Contributions.
