What is COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S's employer match?

In 2022, COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S reported $2,479,764 in employer contributions. That is about 31.7% of reported employee contributions.

How many participants are in COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S?

At the end of 2022, COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S reported 846 plan participants.

What are COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S's total assets?

At the end of 2022, COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S reported total plan assets of $130,812,213.

When was COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S established?

COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S was established in 1980.

What are the investment options in COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S?

MyPlanIQ tracks the investment lineup for COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S on its investment options page: https://www.myplaniq.com/invest/planinvestments/coffman-engineers-inc-salary-deferral-ps/

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COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S

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Contribution & Savings

COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S Average Participant Retirement Account Value

In 2022, the average participant retirement account value for COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S is $154,624.00

COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S is $18,487.00. 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.
1,183,205.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 18,487.00 in COFFMAN ENGINEERS, INC. SALARY DEFERRAL P/S, 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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