What is FAYETTE RESOURCES, INC. 401(K) PLAN's employer match?

In 2024, FAYETTE RESOURCES, INC. 401(K) PLAN reported $666,893 in employer contributions. That is about 84.7% of reported employee contributions.

How many participants are in FAYETTE RESOURCES, INC. 401(K) PLAN?

At the end of 2024, FAYETTE RESOURCES, INC. 401(K) PLAN reported 794 plan participants.

What are FAYETTE RESOURCES, INC. 401(K) PLAN's total assets?

At the end of 2024, FAYETTE RESOURCES, INC. 401(K) PLAN reported total plan assets of $8,416,507.

When was FAYETTE RESOURCES, INC. 401(K) PLAN established?

FAYETTE RESOURCES, INC. 401(K) PLAN was established in 2021.

What are the investment options in FAYETTE RESOURCES, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for FAYETTE RESOURCES, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/fayette-resources-inc-401k-plan/

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FAYETTE RESOURCES, INC. 401(K) PLAN

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Contribution & Savings

FAYETTE RESOURCES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for FAYETTE RESOURCES, INC. 401(K) PLAN is $10,600.00

FAYETTE RESOURCES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for FAYETTE RESOURCES, INC. 401(K) PLAN is $980.00. 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.
62,772.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 980.00 in FAYETTE RESOURCES, INC. 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.

Keep researching FAYETTE RESOURCES, INC. 401(K) PLAN

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