What is GULF CRANE SERVICES, INC. 401(K) PLAN's employer match?

In 2022, GULF CRANE SERVICES, INC. 401(K) PLAN reported $15,173 in employer contributions. That is about 15.9% of reported employee contributions.

How many participants are in GULF CRANE SERVICES, INC. 401(K) PLAN?

At the end of 2022, GULF CRANE SERVICES, INC. 401(K) PLAN reported 135 plan participants.

What are GULF CRANE SERVICES, INC. 401(K) PLAN's total assets?

At the end of 2022, GULF CRANE SERVICES, INC. 401(K) PLAN reported total plan assets of $1,054,760.

When was GULF CRANE SERVICES, INC. 401(K) PLAN established?

GULF CRANE SERVICES, INC. 401(K) PLAN was established in 2006.

What are the investment options in GULF CRANE SERVICES, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for GULF CRANE SERVICES, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/gulf-crane-services-inc-401k-plan/

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GULF CRANE SERVICES, INC. 401(K) PLAN

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Contribution & Savings

GULF CRANE SERVICES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for GULF CRANE SERVICES, INC. 401(K) PLAN is $7,813.00

GULF CRANE SERVICES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for GULF CRANE SERVICES, INC. 401(K) PLAN is $674.00. 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.
43,161.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 674.00 in GULF CRANE SERVICES, 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 GULF CRANE SERVICES, INC. 401(K) PLAN

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