What is IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN's employer match?

In 2023, IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN reported $4,122,084 in employer contributions.

How many participants are in IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN?

At the end of 2023, IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN reported 3,466 plan participants.

What are IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN's total assets?

At the end of 2023, IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN reported total plan assets of $44,006,917.

When was IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN established?

IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN was established in 1981.

What are the investment options in IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN?

MyPlanIQ tracks the investment lineup for IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/ironworkers-local-union-549-and-550-security-plan/

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IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN

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Contribution & Savings

IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN is $12,696.00

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.

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