What is ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN's employer match?

In 2023, ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN reported $2,482,755 in employer contributions.

How many participants are in ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN?

At the end of 2023, ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN reported 2,017 plan participants.

What are ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN's total assets?

At the end of 2023, ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN reported total plan assets of $23,602,472.

When was ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN established?

ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN was established in 1985.

What are the investment options in ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN?

MyPlanIQ tracks the investment lineup for ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/asbestos-workers-l-24-def-contrib-pen-plan/

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ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN

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Contribution & Savings

ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN is $11,701.00

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 ASBESTOS WORKERS L 24 DEF CONTRIB PEN PLAN

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