What is HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION's employer match?

In 2024, HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION reported $873,477 in employer contributions. That is about 61.1% of reported employee contributions.

How many participants are in HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION?

At the end of 2024, HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION reported 314 plan participants.

What are HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION's total assets?

At the end of 2024, HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION reported total plan assets of $14,288,655.

What are the investment options in HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION?

MyPlanIQ tracks the investment lineup for HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION on its investment options page: https://www.myplaniq.com/invest/planinvestments/herzog-transit-services-inc-401k-plan-union/

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Q: When was HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION established?

HERZOG TRANSIT SERVICES, INC. 401(K) PLAN - UNION was established in 2017.

HERZOG TRANSIT SERVICES, INC. 401(K) PLAN – UNION

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Contribution & Savings

HERZOG TRANSIT SERVICES, INC. 401(K) PLAN – UNION Average Participant Retirement Account Value

In 2024, the average participant retirement account value for HERZOG TRANSIT SERVICES, INC. 401(K) PLAN – UNION is $45,505.00

HERZOG TRANSIT SERVICES, INC. 401(K) PLAN – UNION Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for HERZOG TRANSIT SERVICES, INC. 401(K) PLAN – UNION is $5,606.00. 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.
358,794.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,606.00 in HERZOG TRANSIT SERVICES, INC. 401(K) PLAN – UNION, 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 HERZOG TRANSIT SERVICES, INC. 401(K) PLAN – UNION

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