Retirement Benefits
One of the best ways for you to prepare for the future is through active participation in the Inspire 401(k) retirement plan. Inspire is pleased to provide this benefit to all employees as of the first of the month following hire, provided they are at least 21 years of age. Participants will be able to access their accounts at www.netbenefits.com.
401(k) Retirement Plan
Employee Contributions
You may contribute as little as 1%, or as much as 75%, of your eligible compensation on a pre-tax or post-tax basis up to the 2026 IRS maximum. In general, eligible compensation includes base pay, overtime wages, and bonus pay. You can change your contribution, or even stop contributions, at any time without penalty. The maximum deferral in 2025 is $23,500. The 401(k) contribution limits for 2026 will be updated when released.
If you are at least 50 years old during the plan year and have reached the annual IRS limit on regular contributions, you may make additional catch-up contributions of up to $7,500. If you are ages 60-63 in the 2026 plan year, you are eligible for catch-up contribution at 150% of the standard catch-up contribution amount.
Inspire 401(k) Employer Match
For every $1 you contribute to your 401(k) account after you become match eligible, the company will also contribute $1—up to the first 3% you contribute. Then Inspire will contribute an additional 50 cents of each $1 from the next 2% of your contributions. Maximum employer contribution is 4%.
Inspire will begin matching your 401(k) contributions on the first of the month following six months of service as long as you are 21 years of age.
See the table below for an example:
