H&M EMPLOYEE STOCK OWNERSHIP PLAN
Contribution & Savings
H&M EMPLOYEE STOCK OWNERSHIP PLAN Average Participant Retirement Account Value
In 2024, the average participant retirement account value for H&M EMPLOYEE STOCK OWNERSHIP PLAN is $459.00
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 H&M EMPLOYEE STOCK OWNERSHIP 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
- STAGE STORES, INC. 401K PLAN (10,184 participants, $30,991,355)
- H & M HENNES & MAURITZ 401K PLAN (8,486 participants, $100,987,523)
- TOMMY HILFIGER USA, INC 401(K) PROFIT SHARING PLAN (8,320 participants)
- BOSCOVS PROFIT SHARING AND DEFERRED SAVINGS PLAN (8,100 participants, $73,366,032)
- H&M HENNES & MAURITZ 401K PLAN (7,743 participants, $141,583,390)