DAVIS POLK & WARDWELL ASSOCIATE SAVINGS PLAN
Contribution & Savings
DAVIS POLK & WARDWELL ASSOCIATE SAVINGS PLAN Average Participant Retirement Account Value
In 2005, the average participant retirement account value for DAVIS POLK & WARDWELL ASSOCIATE SAVINGS PLAN is $56,904.00
DAVIS POLK & WARDWELL ASSOCIATE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2005, the estimated average employee contribution amount per participant for DAVIS POLK & WARDWELL ASSOCIATE SAVINGS PLAN is $13,349.00. 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.
854,352.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 13,349.00 in DAVIS POLK & WARDWELL ASSOCIATE SAVINGS PLAN, assuming a 10%* annual return.
854,352.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 13,349.00 in DAVIS POLK & WARDWELL ASSOCIATE 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.
Keep researching DAVIS POLK & WARDWELL ASSOCIATE SAVINGS PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- WILEY, REIN & FIELDING 401K PLAN (686 participants, $73,732,348)
- HUSCH BLACKWELL SANDERS LLP 401(K) PROFIT SHARING PLAN F (683 participants, $17,847,866)
- POLSINELLI SHALTON WELTE SUELTHAUS PROFIT SHARING PLAN (690 participants, $52,622,212)
- THOMPSON HINE LLP RETIREMENT PLAN FKA THOMPSON HINE & FLORY LLP RETIREMENT PLAN (682 participants, $81,356,972)
- 401K PLAN FOR ASSOC (682 participants, $99,794,334)