ASBESTOS WORKERS SAVINGS PLAN
Contribution & Savings
ASBESTOS WORKERS SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ASBESTOS WORKERS SAVINGS PLAN is $9,445.00
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 SAVINGS PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- KE&G CONSTRUCTION INC. 401(K) PROFIT SHARING PLAN AND TRUST (389 participants, $7,579,800)
- FLOWERS CONSTRUCTION COMPANY, L.P. 401K & PROFIT SHARING PLAN (386 participants, $4,716,344)
- OPERATIVE PLASTERERS & CEMENT MASON LOCAL 599 AREA 204 SUPP RET PLAN (386 participants, $1,670,361)
- INTEGRATED CONSTRUCTION ENTERPRISES, INC. RETIREMENT SAVINGS PLAN (386 participants, $1,271,672)
- HARPER CORPORATE SERVICES 401(K) PLAN (392 participants, $2,927,750)