How many participants are in AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN?

At the end of 2023, AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN reported 515 plan participants.

What are the investment options in AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN?

MyPlanIQ tracks the investment lineup for AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/ac-corporation-401k-employee-savings-and-protection-plan/

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Q: What is AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN's employer match?

In 2023, AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN reported $499,869 in employer contributions. That is about 22.3% of reported employee contributions.

Q: When was AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN established?

AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN was established in 1991.

AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN

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Contribution & Savings

AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION PLAN is $4,440.00. 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.
284,175.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,440.00 in AC CORPORATION 401(K) EMPLOYEE SAVINGS AND PROTECTION 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.

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