What is I PAYMENT INC's employer match?

In 2009, I PAYMENT INC reported $194,170 in employer contributions. That is about 50.3% of reported employee contributions.

How many participants are in I PAYMENT INC?

At the end of 2009, I PAYMENT INC reported 390 plan participants.

What are I PAYMENT INC's total assets?

At the end of 2009, I PAYMENT INC reported total plan assets of $3,166,035.

When was I PAYMENT INC established?

I PAYMENT INC was established in 2001.

What are the investment options in I PAYMENT INC?

MyPlanIQ tracks the investment lineup for I PAYMENT INC on its investment options page: https://www.myplaniq.com/invest/planinvestments/i-payment-inc/

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I PAYMENT INC

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Contribution & Savings

I PAYMENT INC Average Participant Retirement Account Value

In 2009, the average participant retirement account value for I PAYMENT INC is $8,118.00

I PAYMENT INC Estimated Average Employee Contribution Amount

In 2009, the estimated average employee contribution amount per participant for I PAYMENT INC is $1,979.00. 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.
126,713.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,979.00 in I PAYMENT INC, 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 I PAYMENT INC

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.