What is AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN's employer match?

In 2001, AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN reported $78,886 in employer contributions. That is about 40.9% of reported employee contributions.

How many participants are in AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN?

At the end of 2001, AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN reported 111 plan participants.

What are AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN's total assets?

At the end of 2001, AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN reported total plan assets of $11,114,918.

What are the investment options in AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN?

MyPlanIQ tracks the investment lineup for AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/al-johnson-construction-company-thrift-plan/

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Q: When was AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN established?

AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN was established in 1977.

AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN

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Contribution & Savings

AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN Average Participant Retirement Account Value

In 2001, the average participant retirement account value for AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN is $100,134.00

AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN is $3,471.00. 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.
222,164.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,471.00 in AL JOHNSON CONSTRUCTION COMPANY THRIFT 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.

Keep researching AL JOHNSON CONSTRUCTION COMPANY THRIFT PLAN

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