What is IDEA NUOVA, INC. 401(K) PLAN's employer match?

In 2022, IDEA NUOVA, INC. 401(K) PLAN reported $224,092 in employer contributions. That is about 37.3% of reported employee contributions.

How many participants are in IDEA NUOVA, INC. 401(K) PLAN?

At the end of 2022, IDEA NUOVA, INC. 401(K) PLAN reported 133 plan participants.

What are IDEA NUOVA, INC. 401(K) PLAN's total assets?

At the end of 2022, IDEA NUOVA, INC. 401(K) PLAN reported total plan assets of $6,678,375.

When was IDEA NUOVA, INC. 401(K) PLAN established?

IDEA NUOVA, INC. 401(K) PLAN was established in 2008.

What are the investment options in IDEA NUOVA, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for IDEA NUOVA, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/idea-nuova-inc-401k-plan/

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IDEA NUOVA, INC. 401(K) PLAN

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Contribution & Savings

IDEA NUOVA, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for IDEA NUOVA, INC. 401(K) PLAN is $50,213.00

IDEA NUOVA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for IDEA NUOVA, INC. 401(K) PLAN is $4,514.00. 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.
288,916.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,514.00 in IDEA NUOVA, INC. 401(K) 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 IDEA NUOVA, INC. 401(K) PLAN

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