What is BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN's employer match?

In 2024, BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN reported $858,333 in employer contributions. That is about 64.7% of reported employee contributions.

How many participants are in BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN?

At the end of 2024, BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN reported 337 plan participants.

What are BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN's total assets?

At the end of 2024, BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN reported total plan assets of $17,092,007.

What are the investment options in BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN?

MyPlanIQ tracks the investment lineup for BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/bld-connection-401k-multiple-employer-plan/

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Q: When was BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN established?

BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN was established in 2011.

BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN

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Contribution & Savings

BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN is $50,718.00

BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN is $7,871.00. 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.
503,761.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,871.00 in BLD CONNECTION 401K MULTIPLE EMPLOYER 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 BLD CONNECTION 401K MULTIPLE EMPLOYER PLAN

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