What is 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING's employer match?

In 2012, 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING reported $16,673 in employer contributions. That is about 15.9% of reported employee contributions.

How many participants are in 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING?

At the end of 2012, 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING reported 117 plan participants.

What are the investment options in 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING?

MyPlanIQ tracks the investment lineup for 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING on its investment options page: https://www.myplaniq.com/invest/planinvestments/401k-and-profit-sharing-plan-for-interconnect-wiring/

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Q: When was 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING established?

401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING was established in 1998.

401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING

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Contribution & Savings

401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING Average Participant Retirement Account Value

In 2012, the average participant retirement account value for 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING is $7,331.00

401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING Estimated Average Employee Contribution Amount

In 2012, the estimated average employee contribution amount per participant for 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING is $1,788.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
114,470.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,788.00 in 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING, 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.

Keep researching 401K AND PROFIT SHARING PLAN FOR INTERCONNECT WIRING

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