What is DUKE DRILLING EMPLOYEES' 401(K) PLAN's employer match?

In 2016, DUKE DRILLING EMPLOYEES' 401(K) PLAN reported $31,614 in employer contributions. That is about 40.9% of reported employee contributions.

How many participants are in DUKE DRILLING EMPLOYEES' 401(K) PLAN?

At the end of 2016, DUKE DRILLING EMPLOYEES' 401(K) PLAN reported 117 plan participants.

What are DUKE DRILLING EMPLOYEES' 401(K) PLAN's total assets?

At the end of 2016, DUKE DRILLING EMPLOYEES' 401(K) PLAN reported total plan assets of $1,563,960.

When was DUKE DRILLING EMPLOYEES' 401(K) PLAN established?

DUKE DRILLING EMPLOYEES' 401(K) PLAN was established in 1996.

What are the investment options in DUKE DRILLING EMPLOYEES' 401(K) PLAN?

MyPlanIQ tracks the investment lineup for DUKE DRILLING EMPLOYEES' 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/duke-drilling-employees-401k-plan/

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DUKE DRILLING EMPLOYEES’ 401(K) PLAN

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DUKE DRILLING EMPLOYEES’ 401(K) PLAN Average Participant Retirement Account Value

In 2016, the average participant retirement account value for DUKE DRILLING EMPLOYEES’ 401(K) PLAN is $13,367.00

DUKE DRILLING EMPLOYEES’ 401(K) PLAN Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for DUKE DRILLING EMPLOYEES’ 401(K) PLAN is $1,322.00. 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.
84,618.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,322.00 in DUKE DRILLING EMPLOYEES’ 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.

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