What is APPLIED MECHANICAL 401K PS's employer match?

In 2003, APPLIED MECHANICAL 401K PS reported $45,818 in employer contributions. That is about 14.3% of reported employee contributions.

How many participants are in APPLIED MECHANICAL 401K PS?

At the end of 2003, APPLIED MECHANICAL 401K PS reported 293 plan participants.

What are APPLIED MECHANICAL 401K PS's total assets?

At the end of 2003, APPLIED MECHANICAL 401K PS reported total plan assets of $2,334,528.

When was APPLIED MECHANICAL 401K PS established?

APPLIED MECHANICAL 401K PS was established in 1994.

What are the investment options in APPLIED MECHANICAL 401K PS?

MyPlanIQ tracks the investment lineup for APPLIED MECHANICAL 401K PS on its investment options page: https://www.myplaniq.com/invest/planinvestments/applied-mechanical-401k-ps/

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APPLIED MECHANICAL 401K PS

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Contribution & Savings

APPLIED MECHANICAL 401K PS Average Participant Retirement Account Value

In 2003, the average participant retirement account value for APPLIED MECHANICAL 401K PS is $7,967.00

APPLIED MECHANICAL 401K PS Estimated Average Employee Contribution Amount

In 2003, the estimated average employee contribution amount per participant for APPLIED MECHANICAL 401K PS is $2,190.00. 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.
140,182.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,190.00 in APPLIED MECHANICAL 401K PS, 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 APPLIED MECHANICAL 401K PS

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