What is FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN's employer match?

In 2024, FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN reported $4,244,165 in employer contributions. That is about 20.4% of reported employee contributions.

How many participants are in FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN?

At the end of 2024, FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN reported 7,643 plan participants.

What are FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN's total assets?

At the end of 2024, FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN reported total plan assets of $401,356,663.

What are the investment options in FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/fareway-stores-inc-401k-profit-sharing-plan/

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Q: When was FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN established?

FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN was established in 1985.

FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN

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Contribution & Savings

FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN is $52,512.00

FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN is $3,093.00. 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.
197,965.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,093.00 in FAREWAY STORES, INC. 401(K) 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.

Keep researching FAREWAY STORES, INC. 401(K) PROFIT SHARING PLAN

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