What is COMMERCIAL CLEANING CORP. 401(K) PLAN's employer match?

In 2022, COMMERCIAL CLEANING CORP. 401(K) PLAN reported $62,078 in employer contributions. That is about 57.2% of reported employee contributions.

How many participants are in COMMERCIAL CLEANING CORP. 401(K) PLAN?

At the end of 2022, COMMERCIAL CLEANING CORP. 401(K) PLAN reported 128 plan participants.

What are COMMERCIAL CLEANING CORP. 401(K) PLAN's total assets?

At the end of 2022, COMMERCIAL CLEANING CORP. 401(K) PLAN reported total plan assets of $1,485,003.

When was COMMERCIAL CLEANING CORP. 401(K) PLAN established?

COMMERCIAL CLEANING CORP. 401(K) PLAN was established in 2006.

What are the investment options in COMMERCIAL CLEANING CORP. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for COMMERCIAL CLEANING CORP. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/commercial-cleaning-corp-401k-plan/

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COMMERCIAL CLEANING CORP. 401(K) PLAN

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Contribution & Savings

COMMERCIAL CLEANING CORP. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for COMMERCIAL CLEANING CORP. 401(K) PLAN is $11,601.00

COMMERCIAL CLEANING CORP. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for COMMERCIAL CLEANING CORP. 401(K) PLAN is $875.00. 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.
56,003.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 875.00 in COMMERCIAL CLEANING CORP. 401(K) 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 COMMERCIAL CLEANING CORP. 401(K) PLAN

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