HLP B PLAN
Contribution & Savings
HLP B PLAN Average Participant Retirement Account Value
In 2024, the average participant retirement account value for HLP B PLAN is $86,332.00
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 HLP B PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- BARLEY SNYDER PROFIT SHARING PLAN (246 participants, $27,597,650)
- SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF BAY AREA LEGAL AID (247 participants, $16,925,770)
- DAVIS GRAHAM & STUBBS CUSTOM 401K PLAN (245 participants, $26,597,534)
- BODMAN, LONGLEY & DAHLING LLP TAX DEFERRED SAVINGS PLAN (247 participants, $12,110,973)
- MILBER, MAKRIS, PLOUSADIS & SEIDEN 401(K) PLAN (247 participants, $30,850,228)