How many participants are in ELECTR SAL DEF PLAN/LOCAL 146 IBEW?

At the end of 2000, ELECTR SAL DEF PLAN/LOCAL 146 IBEW reported 134 plan participants.

What are ELECTR SAL DEF PLAN/LOCAL 146 IBEW's total assets?

At the end of 2000, ELECTR SAL DEF PLAN/LOCAL 146 IBEW reported total plan assets of $1,995,658.

When was ELECTR SAL DEF PLAN/LOCAL 146 IBEW established?

ELECTR SAL DEF PLAN/LOCAL 146 IBEW was established in 1995.

What are the investment options in ELECTR SAL DEF PLAN/LOCAL 146 IBEW?

MyPlanIQ tracks the investment lineup for ELECTR SAL DEF PLAN/LOCAL 146 IBEW on its investment options page: https://www.myplaniq.com/invest/planinvestments/electr-sal-def-planlocal-146-ibew/

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ELECTR SAL DEF PLAN/LOCAL 146 IBEW

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Contribution & Savings

ELECTR SAL DEF PLAN/LOCAL 146 IBEW Average Participant Retirement Account Value

In 2000, the average participant retirement account value for ELECTR SAL DEF PLAN/LOCAL 146 IBEW is $14,892.00

ELECTR SAL DEF PLAN/LOCAL 146 IBEW Estimated Average Employee Contribution Amount

In 2000, the estimated average employee contribution amount per participant for ELECTR SAL DEF PLAN/LOCAL 146 IBEW is $7,000.00. 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.
448,024.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,000.00 in ELECTR SAL DEF PLAN/LOCAL 146 IBEW, 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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