What is DRUMMOND 401(K)'s employer match?

In 2018, DRUMMOND 401(K) reported $80,722 in employer contributions. That is about 44.8% of reported employee contributions.

How many participants are in DRUMMOND 401(K)?

At the end of 2018, DRUMMOND 401(K) reported 194 plan participants.

What are DRUMMOND 401(K)'s total assets?

At the end of 2018, DRUMMOND 401(K) reported total plan assets of $1,630,694.

When was DRUMMOND 401(K) established?

DRUMMOND 401(K) was established in 2005.

What are the investment options in DRUMMOND 401(K)?

MyPlanIQ tracks the investment lineup for DRUMMOND 401(K) on its investment options page: https://www.myplaniq.com/invest/planinvestments/drummond-401k/

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DRUMMOND 401(K)

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Contribution & Savings

DRUMMOND 401(K) Average Participant Retirement Account Value

In 2018, the average participant retirement account value for DRUMMOND 401(K) is $8,405.00

DRUMMOND 401(K) Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for DRUMMOND 401(K) is $1,858.00. 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.
118,962.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,858.00 in DRUMMOND 401(K), 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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