What is HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN's employer match?

In 2024, HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN reported $858,426 in employer contributions. That is about 74.3% of reported employee contributions.

How many participants are in HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN?

At the end of 2024, HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN reported 683 plan participants.

What are HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN's total assets?

At the end of 2024, HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN reported total plan assets of $27,379,252.

What are the investment options in HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN?

MyPlanIQ tracks the investment lineup for HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/hit-inc-safe-harbor-401k-profitsharing-plan/

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Q: When was HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN established?

HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN was established in 1990.

HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN

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Contribution & Savings

HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN is $40,086.00

HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN is $2,174.00. 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.
139,192.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,174.00 in HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING 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 HIT, INC. SAFE HARBOR 401(K) PROFIT-SHARING PLAN

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