What is MAGNET SALES 401K's employer match?

In 2013, MAGNET SALES 401K reported $30,194 in employer contributions. That is about 12.3% of reported employee contributions.

How many participants are in MAGNET SALES 401K?

At the end of 2013, MAGNET SALES 401K reported 142 plan participants.

What are MAGNET SALES 401K's total assets?

At the end of 2013, MAGNET SALES 401K reported total plan assets of $3,711,684.

When was MAGNET SALES 401K established?

MAGNET SALES 401K was established in 1994.

What are the investment options in MAGNET SALES 401K?

MyPlanIQ tracks the investment lineup for MAGNET SALES 401K on its investment options page: https://www.myplaniq.com/invest/planinvestments/magnet-sales-401k/

plancontribution

MAGNET SALES 401K

Overview
Contribution & Match
Investments
Login
Rollover

Contribution & Savings

MAGNET SALES 401K Average Participant Retirement Account Value

In 2013, the average participant retirement account value for MAGNET SALES 401K is $26,138.00

MAGNET SALES 401K Estimated Average Employee Contribution Amount

In 2013, the estimated average employee contribution amount per participant for MAGNET SALES 401K is $3,462.00. 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.
221,581.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,462.00 in MAGNET SALES 401K, 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 MAGNET SALES 401K

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.