FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE Contribution & Employer Match
FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE Contribution & Employer Match
FOOD SAFETY NET SERVICES LTD. provides the following retirement savings benefits to its employees:
FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE Average Participant Retirement Account Value
FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE Estimated Average Employee Contribution Amount
129,361.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,021.00 in FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE, assuming a 10%* annual return.
2023 & 2024 401(k) contribution limits by IRS
| Pretax and roth employee contributions | Employee and employer contributions combined | Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over) | |
|---|---|---|---|
| 401(k) contribution limit for 2023 | $22,500 | $66,000 | $7,500 |
| 401(k) contribution limit for 2024 | $23,000 | $69,000 | $7,500 |
$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.
$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!
Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.
Employer match in FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE Total Employer Contribution and Match Rate
FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE Estimated Average Employer Match
Investing in this additonal $624.00 for 20 years would give you extra $39,985.00, assuming a 10% annual return.
FOOD SAFETY NET SERVICES & AGRI- WEST INTERNATIONAL 401(K) RETIRE Contribution & Match Policy
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