What is CONTRACT FABRICATORS, INC. RETIREMENT PLAN's employer match?

In 2023, CONTRACT FABRICATORS, INC. RETIREMENT PLAN reported $45,232 in employer contributions. That is about 15.5% of reported employee contributions.

How many participants are in CONTRACT FABRICATORS, INC. RETIREMENT PLAN?

At the end of 2023, CONTRACT FABRICATORS, INC. RETIREMENT PLAN reported 139 plan participants.

What are CONTRACT FABRICATORS, INC. RETIREMENT PLAN's total assets?

At the end of 2023, CONTRACT FABRICATORS, INC. RETIREMENT PLAN reported total plan assets of $5,048,152.

When was CONTRACT FABRICATORS, INC. RETIREMENT PLAN established?

CONTRACT FABRICATORS, INC. RETIREMENT PLAN was established in 2005.

What are the investment options in CONTRACT FABRICATORS, INC. RETIREMENT PLAN?

MyPlanIQ tracks the investment lineup for CONTRACT FABRICATORS, INC. RETIREMENT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/contract-fabricators-inc-retirement-plan/

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CONTRACT FABRICATORS, INC. RETIREMENT PLAN

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Contribution & Savings

CONTRACT FABRICATORS, INC. RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CONTRACT FABRICATORS, INC. RETIREMENT PLAN is $36,317.00

CONTRACT FABRICATORS, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CONTRACT FABRICATORS, INC. RETIREMENT PLAN is $4,193.00. 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.
268,395.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,193.00 in CONTRACT FABRICATORS, INC. RETIREMENT 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 CONTRACT FABRICATORS, INC. RETIREMENT PLAN

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