What is BMI DEFINED CONTRIBUTION PLAN's employer match?

In 2004, BMI DEFINED CONTRIBUTION PLAN reported $1,531,918 in employer contributions. That is about 60.6% of reported employee contributions.

How many participants are in BMI DEFINED CONTRIBUTION PLAN?

At the end of 2004, BMI DEFINED CONTRIBUTION PLAN reported 583 plan participants.

What are BMI DEFINED CONTRIBUTION PLAN's total assets?

At the end of 2004, BMI DEFINED CONTRIBUTION PLAN reported total plan assets of $51,222,472.

When was BMI DEFINED CONTRIBUTION PLAN established?

BMI DEFINED CONTRIBUTION PLAN was established in 1979.

What are the investment options in BMI DEFINED CONTRIBUTION PLAN?

MyPlanIQ tracks the investment lineup for BMI DEFINED CONTRIBUTION PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/bmi-defined-contribution-plan/

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BMI DEFINED CONTRIBUTION PLAN

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Contribution & Savings

BMI DEFINED CONTRIBUTION PLAN Average Participant Retirement Account Value

In 2004, the average participant retirement account value for BMI DEFINED CONTRIBUTION PLAN is $87,860.00

BMI DEFINED CONTRIBUTION PLAN Estimated Average Employee Contribution Amount

In 2004, the estimated average employee contribution amount per participant for BMI DEFINED CONTRIBUTION PLAN is $8,672.00. 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.
555,052.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,672.00 in BMI DEFINED CONTRIBUTION 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 BMI DEFINED CONTRIBUTION PLAN

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