How many participants are in CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E?

At the end of 2006, CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E reported 335 plan participants.

What are CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E's total assets?

At the end of 2006, CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E reported total plan assets of $943,387.

What are the investment options in CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E?

MyPlanIQ tracks the investment lineup for CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E on its investment options page: https://www.myplaniq.com/invest/planinvestments/channellock-401k-plan-for-bargaining-unit-e/

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Q: When was CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E established?

CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E was established in 2000.

CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E

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Contribution & Savings

CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E Average Participant Retirement Account Value

In 2006, the average participant retirement account value for CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E is $2,816.00

CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E Estimated Average Employee Contribution Amount

In 2006, the estimated average employee contribution amount per participant for CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E is $814.00. 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.
52,138.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 814.00 in CHANNELLOCK 401K PLAN FOR BARGAINING UNIT E, 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.

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