TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING PLAN Contribution & Employer Match
TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING PLAN Contribution & Employer Match
TACONIC CAPITAL ADVISORS L.P. provides the following retirement savings benefits to its employees:
TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
767,480.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 11,991.00 in TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING 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 TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING 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’.
TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
Investing in this additonal $7,469.00 for 20 years would give you extra $478,028.00, assuming a 10% annual return.
TACONIC CAPITAL ADVISORS L.P. 401(K) PROFIT SHARING PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may elect to defer a percentage of their eligible compensation, subject to an annual limit of the lesser of 100% of eligible compensation or $20,500 for the calendar year ended December 31, 2022.
2. Employer Match/Contribution Conditions: The Company contributes 100% of the first 5% of the eligible participant's compensation contributed to the Plan.
3. Vesting Schedule/Eligibility: Participants are 100% vested immediately in their deferral contributions and the Company's qualified matching contributions plus actual earnings thereon. Profit sharing contributions made by the Company are subject to vesting as described in the Plan Document.
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