How many participants are in ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN?

At the end of 2006, ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN reported 300 plan participants.

What are the investment options in ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/aluminum-casting-and-engineering-co-profit-sharing-plan/

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Q: What is ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN's employer match?

In 2006, ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN reported $73,810 in employer contributions. That is about 35.6% of reported employee contributions.

Q: When was ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN established?

ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN was established in 1998.

ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN

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Contribution & Savings

ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2006, the average participant retirement account value for ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN is $9,473.00

ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2006, the estimated average employee contribution amount per participant for ALUMINUM CASTING AND ENGINEERING CO PROFIT SHARING PLAN is $1,381.00. 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.
88,424.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,381.00 in ALUMINUM CASTING AND ENGINEERING CO 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.

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