What is GENERAL PARTS, L.L.C. 401(K) PLAN's employer match?

In 2020, GENERAL PARTS, L.L.C. 401(K) PLAN reported $412,071 in employer contributions. That is about 48.2% of reported employee contributions.

How many participants are in GENERAL PARTS, L.L.C. 401(K) PLAN?

At the end of 2020, GENERAL PARTS, L.L.C. 401(K) PLAN reported 486 plan participants.

What are GENERAL PARTS, L.L.C. 401(K) PLAN's total assets?

At the end of 2020, GENERAL PARTS, L.L.C. 401(K) PLAN reported total plan assets of $16,397,142.

When was GENERAL PARTS, L.L.C. 401(K) PLAN established?

GENERAL PARTS, L.L.C. 401(K) PLAN was established in 2006.

What are the investment options in GENERAL PARTS, L.L.C. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for GENERAL PARTS, L.L.C. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/general-parts-llc-401k-plan/

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GENERAL PARTS, L.L.C. 401(K) PLAN

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Contribution & Savings

GENERAL PARTS, L.L.C. 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for GENERAL PARTS, L.L.C. 401(K) PLAN is $33,738.00

GENERAL PARTS, L.L.C. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for GENERAL PARTS, L.L.C. 401(K) PLAN is $3,516.00. 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.
225,084.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,516.00 in GENERAL PARTS, L.L.C. 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 GENERAL PARTS, L.L.C. 401(K) PLAN

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