How many participants are in ISPAT INLAND HOURLY 401K PLAN?

At the end of 2005, ISPAT INLAND HOURLY 401K PLAN reported 5,993 plan participants.

What are ISPAT INLAND HOURLY 401K PLAN's total assets?

At the end of 2005, ISPAT INLAND HOURLY 401K PLAN reported total plan assets of $332,211,775.

When was ISPAT INLAND HOURLY 401K PLAN established?

ISPAT INLAND HOURLY 401K PLAN was established in 1987.

What are the investment options in ISPAT INLAND HOURLY 401K PLAN?

MyPlanIQ tracks the investment lineup for ISPAT INLAND HOURLY 401K PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/ispat-inland-hourly-401k-plan/

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ISPAT INLAND HOURLY 401K PLAN

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Contribution & Savings

ISPAT INLAND HOURLY 401K PLAN Average Participant Retirement Account Value

In 2005, the average participant retirement account value for ISPAT INLAND HOURLY 401K PLAN is $55,433.00

ISPAT INLAND HOURLY 401K PLAN Estimated Average Employee Contribution Amount

In 2005, the estimated average employee contribution amount per participant for ISPAT INLAND HOURLY 401K PLAN is $6,984.00. 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.
446,980.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,984.00 in ISPAT INLAND HOURLY 401K 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.

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