What is LOWRANCE SAVINGS PLAN AND TRUST 1's employer match?

In 2002, LOWRANCE SAVINGS PLAN AND TRUST 1 reported $400,358 in employer contributions. That is about 89.2% of reported employee contributions.

How many participants are in LOWRANCE SAVINGS PLAN AND TRUST 1?

At the end of 2002, LOWRANCE SAVINGS PLAN AND TRUST 1 reported 139 plan participants.

What are LOWRANCE SAVINGS PLAN AND TRUST 1's total assets?

At the end of 2002, LOWRANCE SAVINGS PLAN AND TRUST 1 reported total plan assets of $10,286,596.

When was LOWRANCE SAVINGS PLAN AND TRUST 1 established?

LOWRANCE SAVINGS PLAN AND TRUST 1 was established in 1990.

What are the investment options in LOWRANCE SAVINGS PLAN AND TRUST 1?

MyPlanIQ tracks the investment lineup for LOWRANCE SAVINGS PLAN AND TRUST 1 on its investment options page: https://www.myplaniq.com/invest/planinvestments/lowrance-savings-plan-and-trust-1/

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LOWRANCE SAVINGS PLAN AND TRUST 1

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Contribution & Savings

LOWRANCE SAVINGS PLAN AND TRUST 1 Average Participant Retirement Account Value

In 2002, the average participant retirement account value for LOWRANCE SAVINGS PLAN AND TRUST 1 is $74,004.00

LOWRANCE SAVINGS PLAN AND TRUST 1 Estimated Average Employee Contribution Amount

In 2002, the estimated average employee contribution amount per participant for LOWRANCE SAVINGS PLAN AND TRUST 1 is $6,458.00. 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.
413,369.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,458.00 in LOWRANCE SAVINGS PLAN AND TRUST 1, 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 LOWRANCE SAVINGS PLAN AND TRUST 1

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