What is BENNETT ENTERPRISES, INC. 401(K) PLAN's employer match?

In 2012, BENNETT ENTERPRISES, INC. 401(K) PLAN reported $19,245 in employer contributions. That is about 6.8% of reported employee contributions.

How many participants are in BENNETT ENTERPRISES, INC. 401(K) PLAN?

At the end of 2012, BENNETT ENTERPRISES, INC. 401(K) PLAN reported 504 plan participants.

What are BENNETT ENTERPRISES, INC. 401(K) PLAN's total assets?

At the end of 2012, BENNETT ENTERPRISES, INC. 401(K) PLAN reported total plan assets of $5,070,504.

When was BENNETT ENTERPRISES, INC. 401(K) PLAN established?

BENNETT ENTERPRISES, INC. 401(K) PLAN was established in 1992.

What are the investment options in BENNETT ENTERPRISES, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for BENNETT ENTERPRISES, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/bennett-enterprises-inc-401k-plan/

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BENNETT ENTERPRISES, INC. 401(K) PLAN

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Contribution & Savings

BENNETT ENTERPRISES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2012, the average participant retirement account value for BENNETT ENTERPRISES, INC. 401(K) PLAN is $10,060.00

BENNETT ENTERPRISES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2012, the estimated average employee contribution amount per participant for BENNETT ENTERPRISES, INC. 401(K) PLAN is $1,122.00. 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.
71,841.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,122.00 in BENNETT ENTERPRISES, INC. 401(K) 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.

Keep researching BENNETT ENTERPRISES, INC. 401(K) PLAN

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