What is ABILITY CONNECTION TEXAS 401K PL's employer match?

In 2018, ABILITY CONNECTION TEXAS 401K PL reported $50,234 in employer contributions. That is about 52.4% of reported employee contributions.

How many participants are in ABILITY CONNECTION TEXAS 401K PL?

At the end of 2018, ABILITY CONNECTION TEXAS 401K PL reported 126 plan participants.

What are ABILITY CONNECTION TEXAS 401K PL's total assets?

At the end of 2018, ABILITY CONNECTION TEXAS 401K PL reported total plan assets of $1,075,920.

When was ABILITY CONNECTION TEXAS 401K PL established?

ABILITY CONNECTION TEXAS 401K PL was established in 1999.

What are the investment options in ABILITY CONNECTION TEXAS 401K PL?

MyPlanIQ tracks the investment lineup for ABILITY CONNECTION TEXAS 401K PL on its investment options page: https://www.myplaniq.com/invest/planinvestments/ability-connection-texas-401k-pl/

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ABILITY CONNECTION TEXAS 401K PL

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Contribution & Savings

ABILITY CONNECTION TEXAS 401K PL Average Participant Retirement Account Value

In 2018, the average participant retirement account value for ABILITY CONNECTION TEXAS 401K PL is $8,539.00

ABILITY CONNECTION TEXAS 401K PL Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for ABILITY CONNECTION TEXAS 401K PL is $1,522.00. 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.
97,445.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,522.00 in ABILITY CONNECTION TEXAS 401K PL, 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 ABILITY CONNECTION TEXAS 401K PL

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