HUDSON ADVISORS L.P. 401(K) PLAN Contribution & Employer Match
HUDSON ADVISORS L.P. 401(K) PLAN Contribution & Employer Match
HUDSON ADVISORS L.P. provides the following retirement savings benefits to its employees:
HUDSON ADVISORS L.P. 401(K) PLAN Average Participant Retirement Account Value
HUDSON ADVISORS L.P. 401(K) PLAN Estimated Average Employee Contribution Amount
534,951.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,358.00 in HUDSON ADVISORS L.P. 401(K) PLAN, 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 HUDSON ADVISORS L.P. 401(K) PLAN
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’.
HUDSON ADVISORS L.P. 401(K) PLAN Total Employer Contribution and Match Rate
HUDSON ADVISORS L.P. 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $2,622.00 for 20 years would give you extra $167,841.00, assuming a 10% annual return.
HUDSON ADVISORS L.P. 401(K) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute from 1% to 80% of their salary to the plan.
2. Employer Match/Contribution Conditions: The employer matches 100% of participant elective deferrals up to 7.50% of a participant's eligible compensation, not to exceed a total of $7,500 for the year. For participants who were employees of Hudson Homes Management LLC and its Subsidiaries, the employer matches 50% of participant elective deferrals up to 6%, also not to exceed $7,500 for the year.
3. Roth 401(k) Contribution: The plan allows for after-tax (Roth) compensation contributions.
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