How many participants are in MAINTEX, INC. 401(K) PROFIT SHARING PLAN?

At the end of 2024, MAINTEX, INC. 401(K) PROFIT SHARING PLAN reported 195 plan participants.

What are MAINTEX, INC. 401(K) PROFIT SHARING PLAN's total assets?

At the end of 2024, MAINTEX, INC. 401(K) PROFIT SHARING PLAN reported total plan assets of $13,956,297.

When was MAINTEX, INC. 401(K) PROFIT SHARING PLAN established?

MAINTEX, INC. 401(K) PROFIT SHARING PLAN was established in 1990.

What are the investment options in MAINTEX, INC. 401(K) PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for MAINTEX, INC. 401(K) PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/maintex-inc-401k-profit-sharing-plan/

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MAINTEX, INC. 401(K) PROFIT SHARING PLAN

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Contribution & Savings

MAINTEX, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for MAINTEX, INC. 401(K) PROFIT SHARING PLAN is $71,570.00

MAINTEX, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for MAINTEX, INC. 401(K) PROFIT SHARING PLAN is $3,320.00. 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.
212,519.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,320.00 in MAINTEX, INC. 401(K) 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.

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