What are the investment options in ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN?

MyPlanIQ tracks the investment lineup for ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/associated-spring-saline-division-401k-hourly-retirement-plan/

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Q: How many participants are in ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN?

At the end of 2013, ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN reported 100 plan participants.

Q: What are ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN's total assets?

At the end of 2013, ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN reported total plan assets of $1,152,974.

ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN

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ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN Average Participant Retirement Account Value

In 2013, the average participant retirement account value for ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN is $11,529.00

ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2013, the estimated average employee contribution amount per participant for ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT PLAN is $1,138.00. 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.
72,892.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,138.00 in ASSOCIATED SPRING SALINE DIVISION 401(K) HOURLY RETIREMENT 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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