What is J R ENGINEERING LTD 401K PROFIT SHARING PLAN's employer match?

In 1999, J R ENGINEERING LTD 401K PROFIT SHARING PLAN reported $94,886 in employer contributions. That is about 22.1% of reported employee contributions.

How many participants are in J R ENGINEERING LTD 401K PROFIT SHARING PLAN?

At the end of 1999, J R ENGINEERING LTD 401K PROFIT SHARING PLAN reported 319 plan participants.

What are J R ENGINEERING LTD 401K PROFIT SHARING PLAN's total assets?

At the end of 1999, J R ENGINEERING LTD 401K PROFIT SHARING PLAN reported total plan assets of $2,555,133.

What are the investment options in J R ENGINEERING LTD 401K PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for J R ENGINEERING LTD 401K PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/j-r-engineering-ltd-401k-profit-sharing-plan/

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Q: When was J R ENGINEERING LTD 401K PROFIT SHARING PLAN established?

J R ENGINEERING LTD 401K PROFIT SHARING PLAN was established in 1981.

J R ENGINEERING LTD 401K PROFIT SHARING PLAN

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Contribution & Savings

J R ENGINEERING LTD 401K PROFIT SHARING PLAN Average Participant Retirement Account Value

In 1999, the average participant retirement account value for J R ENGINEERING LTD 401K PROFIT SHARING PLAN is $8,009.00

J R ENGINEERING LTD 401K PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 1999, the estimated average employee contribution amount per participant for J R ENGINEERING LTD 401K PROFIT SHARING PLAN is $2,694.00. 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.
172,469.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,694.00 in J R ENGINEERING LTD 401K PROFIT SHARING 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 J R ENGINEERING LTD 401K PROFIT SHARING PLAN

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