What is CORNELIS NETWORKS, 401(K) PLAN's employer match?

In 2024, CORNELIS NETWORKS, 401(K) PLAN reported $686,729 in employer contributions. That is about 28.3% of reported employee contributions.

How many participants are in CORNELIS NETWORKS, 401(K) PLAN?

At the end of 2024, CORNELIS NETWORKS, 401(K) PLAN reported 194 plan participants.

What are CORNELIS NETWORKS, 401(K) PLAN's total assets?

At the end of 2024, CORNELIS NETWORKS, 401(K) PLAN reported total plan assets of $11,607,402.

When was CORNELIS NETWORKS, 401(K) PLAN established?

CORNELIS NETWORKS, 401(K) PLAN was established in 2020.

What are the investment options in CORNELIS NETWORKS, 401(K) PLAN?

MyPlanIQ tracks the investment lineup for CORNELIS NETWORKS, 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/cornelis-networks-401k-plan/

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CORNELIS NETWORKS, 401(K) PLAN

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Contribution & Savings

CORNELIS NETWORKS, 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for CORNELIS NETWORKS, 401(K) PLAN is $59,831.00

CORNELIS NETWORKS, 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for CORNELIS NETWORKS, 401(K) PLAN is $25,049.00. 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.
1,603,172.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 25,049.00 in CORNELIS NETWORKS, 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 CORNELIS NETWORKS, 401(K) PLAN

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