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

In 2019, GVM, INC. 401(K) PLAN reported $81,689 in employer contributions. That is about 44.7% of reported employee contributions.

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

At the end of 2019, GVM, INC. 401(K) PLAN reported 115 plan participants.

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

At the end of 2019, GVM, INC. 401(K) PLAN reported total plan assets of $4,145,710.

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

GVM, INC. 401(K) PLAN was established in 2016.

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

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

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GVM, INC. 401(K) PLAN

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Contribution & Savings

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

In 2019, the average participant retirement account value for GVM, INC. 401(K) PLAN is $36,049.00

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

In 2019, the estimated average employee contribution amount per participant for GVM, INC. 401(K) PLAN is $3,179.00. 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.
203,481.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,179.00 in GVM, 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 GVM, INC. 401(K) PLAN

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