What is AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K's employer match?

In 2023, AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K reported $77,039 in employer contributions. That is about 47.4% of reported employee contributions.

How many participants are in AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K?

At the end of 2023, AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K reported 144 plan participants.

What are AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K's total assets?

At the end of 2023, AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K reported total plan assets of $3,835,113.

What are the investment options in AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K?

MyPlanIQ tracks the investment lineup for AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K on its investment options page: https://www.myplaniq.com/invest/planinvestments/austin-engineering-usa-service-employee-401k/

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Q: When was AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K established?

AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K was established in 2008.

AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K

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Contribution & Savings

AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K Average Participant Retirement Account Value

In 2023, the average participant retirement account value for AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K is $26,632.00

AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K is $2,255.00. 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.
144,358.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,255.00 in AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K, 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 AUSTIN ENGINEERING USA SERVICE EMPLOYEE 401K

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