What is GENERAL MICROCIRCUITS, INC. 401(K) PLAN's employer match?

In 2019, GENERAL MICROCIRCUITS, INC. 401(K) PLAN reported $4,371 in employer contributions. That is about 30.8% of reported employee contributions.

How many participants are in GENERAL MICROCIRCUITS, INC. 401(K) PLAN?

At the end of 2019, GENERAL MICROCIRCUITS, INC. 401(K) PLAN reported 107 plan participants.

When was GENERAL MICROCIRCUITS, INC. 401(K) PLAN established?

GENERAL MICROCIRCUITS, INC. 401(K) PLAN was established in 1998.

What are the investment options in GENERAL MICROCIRCUITS, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for GENERAL MICROCIRCUITS, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/general-microcircuits-inc-401k-plan/

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GENERAL MICROCIRCUITS, INC. 401(K) PLAN

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GENERAL MICROCIRCUITS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for GENERAL MICROCIRCUITS, INC. 401(K) PLAN is $265.00. 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.
16,983.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 265.00 in GENERAL MICROCIRCUITS, 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.

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