What is BETTS SPRING COMPANY, INC. 401(K) PLAN's employer match?

In 2012, BETTS SPRING COMPANY, INC. 401(K) PLAN reported $19,869 in employer contributions. That is about 4.4% of reported employee contributions.

How many participants are in BETTS SPRING COMPANY, INC. 401(K) PLAN?

At the end of 2012, BETTS SPRING COMPANY, INC. 401(K) PLAN reported 228 plan participants.

What are BETTS SPRING COMPANY, INC. 401(K) PLAN's total assets?

At the end of 2012, BETTS SPRING COMPANY, INC. 401(K) PLAN reported total plan assets of $6,679,481.

When was BETTS SPRING COMPANY, INC. 401(K) PLAN established?

BETTS SPRING COMPANY, INC. 401(K) PLAN was established in 1999.

What are the investment options in BETTS SPRING COMPANY, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for BETTS SPRING COMPANY, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/betts-spring-company-inc-401k-plan/

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BETTS SPRING COMPANY, INC. 401(K) PLAN

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Contribution & Savings

BETTS SPRING COMPANY, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2012, the average participant retirement account value for BETTS SPRING COMPANY, INC. 401(K) PLAN is $29,295.00

BETTS SPRING COMPANY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2012, the estimated average employee contribution amount per participant for BETTS SPRING COMPANY, INC. 401(K) PLAN is $3,985.00. 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.
255,071.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,985.00 in BETTS SPRING COMPANY, 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 BETTS SPRING COMPANY, INC. 401(K) PLAN

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