How many participants are in CINCINNATI UNION LOCAL 14340 SAVINGS PLAN?

At the end of 2005, CINCINNATI UNION LOCAL 14340 SAVINGS PLAN reported 312 plan participants.

What are CINCINNATI UNION LOCAL 14340 SAVINGS PLAN's total assets?

At the end of 2005, CINCINNATI UNION LOCAL 14340 SAVINGS PLAN reported total plan assets of $14,098,981.

When was CINCINNATI UNION LOCAL 14340 SAVINGS PLAN established?

CINCINNATI UNION LOCAL 14340 SAVINGS PLAN was established in 1993.

What are the investment options in CINCINNATI UNION LOCAL 14340 SAVINGS PLAN?

MyPlanIQ tracks the investment lineup for CINCINNATI UNION LOCAL 14340 SAVINGS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/cincinnati-union-local-14340-savings-plan/

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CINCINNATI UNION LOCAL 14340 SAVINGS PLAN

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Contribution & Savings

CINCINNATI UNION LOCAL 14340 SAVINGS PLAN Average Participant Retirement Account Value

In 2005, the average participant retirement account value for CINCINNATI UNION LOCAL 14340 SAVINGS PLAN is $45,189.00

CINCINNATI UNION LOCAL 14340 SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2005, the estimated average employee contribution amount per participant for CINCINNATI UNION LOCAL 14340 SAVINGS PLAN is $3,097.00. 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.
198,236.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,097.00 in CINCINNATI UNION LOCAL 14340 SAVINGS 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.

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