What is EFCO CORP. 401K AND PROFIT SHARING PLAN's employer match?

In 2000, EFCO CORP. 401K AND PROFIT SHARING PLAN reported $709,513 in employer contributions. That is about 123.1% of reported employee contributions.

How many participants are in EFCO CORP. 401K AND PROFIT SHARING PLAN?

At the end of 2000, EFCO CORP. 401K AND PROFIT SHARING PLAN reported 399 plan participants.

What are EFCO CORP. 401K AND PROFIT SHARING PLAN's total assets?

At the end of 2000, EFCO CORP. 401K AND PROFIT SHARING PLAN reported total plan assets of $11,178,644.

When was EFCO CORP. 401K AND PROFIT SHARING PLAN established?

EFCO CORP. 401K AND PROFIT SHARING PLAN was established in 1986.

What are the investment options in EFCO CORP. 401K AND PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for EFCO CORP. 401K AND PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/efco-corp-401k-and-profit-sharing-plan/

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EFCO CORP. 401K AND PROFIT SHARING PLAN

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Contribution & Savings

EFCO CORP. 401K AND PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2000, the average participant retirement account value for EFCO CORP. 401K AND PROFIT SHARING PLAN is $28,016.00

EFCO CORP. 401K AND PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2000, the estimated average employee contribution amount per participant for EFCO CORP. 401K AND PROFIT SHARING PLAN is $2,889.00. 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.
184,923.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,889.00 in EFCO CORP. 401K AND PROFIT SHARING 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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