What is EMPLOYEE PROFIT SHARING PLAN FOR SERVCO's employer match?

In 2002, EMPLOYEE PROFIT SHARING PLAN FOR SERVCO reported $1,766,805 in employer contributions. That is about 101.0% of reported employee contributions.

How many participants are in EMPLOYEE PROFIT SHARING PLAN FOR SERVCO?

At the end of 2002, EMPLOYEE PROFIT SHARING PLAN FOR SERVCO reported 1,090 plan participants.

What are EMPLOYEE PROFIT SHARING PLAN FOR SERVCO's total assets?

At the end of 2002, EMPLOYEE PROFIT SHARING PLAN FOR SERVCO reported total plan assets of $43,076,176.

When was EMPLOYEE PROFIT SHARING PLAN FOR SERVCO established?

EMPLOYEE PROFIT SHARING PLAN FOR SERVCO was established in 1951.

What are the investment options in EMPLOYEE PROFIT SHARING PLAN FOR SERVCO?

MyPlanIQ tracks the investment lineup for EMPLOYEE PROFIT SHARING PLAN FOR SERVCO on its investment options page: https://www.myplaniq.com/invest/planinvestments/employee-profit-sharing-plan-for-servco/

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EMPLOYEE PROFIT SHARING PLAN FOR SERVCO

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Contribution & Savings

EMPLOYEE PROFIT SHARING PLAN FOR SERVCO Average Participant Retirement Account Value

In 2002, the average participant retirement account value for EMPLOYEE PROFIT SHARING PLAN FOR SERVCO is $39,519.00

EMPLOYEE PROFIT SHARING PLAN FOR SERVCO Estimated Average Employee Contribution Amount

In 2002, the estimated average employee contribution amount per participant for EMPLOYEE PROFIT SHARING PLAN FOR SERVCO is $3,209.00. 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.
205,432.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,209.00 in EMPLOYEE PROFIT SHARING PLAN FOR SERVCO, 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 EMPLOYEE PROFIT SHARING PLAN FOR SERVCO

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