What is LEE BHM CORP. 401(K) PLAN's employer match?

In 2020, LEE BHM CORP. 401(K) PLAN reported $1,851,919 in employer contributions. That is about 26.6% of reported employee contributions.

How many participants are in LEE BHM CORP. 401(K) PLAN?

At the end of 2020, LEE BHM CORP. 401(K) PLAN reported 4,258 plan participants.

What are LEE BHM CORP. 401(K) PLAN's total assets?

At the end of 2020, LEE BHM CORP. 401(K) PLAN reported total plan assets of $100,375.

When was LEE BHM CORP. 401(K) PLAN established?

LEE BHM CORP. 401(K) PLAN was established in 2013.

What are the investment options in LEE BHM CORP. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for LEE BHM CORP. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/lee-bhm-corp-401k-plan/

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LEE BHM CORP. 401(K) PLAN

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Contribution & Savings

LEE BHM CORP. 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for LEE BHM CORP. 401(K) PLAN is $23.00

LEE BHM CORP. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for LEE BHM CORP. 401(K) PLAN is $3,264.00. 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.
208,942.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,264.00 in LEE BHM CORP. 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 LEE BHM CORP. 401(K) PLAN

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