How many participants are in INTERFACE ENGINEERING 401K?

At the end of 2001, INTERFACE ENGINEERING 401K reported 229 plan participants.

What are INTERFACE ENGINEERING 401K's total assets?

At the end of 2001, INTERFACE ENGINEERING 401K reported total plan assets of $1,944,365.

When was INTERFACE ENGINEERING 401K established?

INTERFACE ENGINEERING 401K was established in 1994.

What are the investment options in INTERFACE ENGINEERING 401K?

MyPlanIQ tracks the investment lineup for INTERFACE ENGINEERING 401K on its investment options page: https://www.myplaniq.com/invest/planinvestments/interface-engineering-401k/

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INTERFACE ENGINEERING 401K

Contribution & Savings

INTERFACE ENGINEERING 401K Average Participant Retirement Account Value

In 2001, the average participant retirement account value for INTERFACE ENGINEERING 401K is $8,490.00

INTERFACE ENGINEERING 401K Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for INTERFACE ENGINEERING 401K is $3,277.00. 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.
209,746.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,277.00 in INTERFACE ENGINEERING 401K, 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.

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Money headlines from this plan

These filing-based headlines surface the numbers most likely to affect a participant decision. Verify current plan documents before acting.

Average plan assets per reported participant: $8,491
Based on the 2001 public filing. This is a plan-wide average, not a personal retirement target. Calculate a personal retirement target.
Employee contributions per reported participant: $1,639
Based on the 2001 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.