What is M.C. TEST & ASSEMBLY, INC.401K PROFIT's employer match?

In 2003, M.C. TEST & ASSEMBLY, INC.401K PROFIT reported $257,348 in employer contributions. That is about 35.4% of reported employee contributions.

How many participants are in M.C. TEST & ASSEMBLY, INC.401K PROFIT?

At the end of 2003, M.C. TEST & ASSEMBLY, INC.401K PROFIT reported 810 plan participants.

What are M.C. TEST & ASSEMBLY, INC.401K PROFIT's total assets?

At the end of 2003, M.C. TEST & ASSEMBLY, INC.401K PROFIT reported total plan assets of $3,454,187.

When was M.C. TEST & ASSEMBLY, INC.401K PROFIT established?

M.C. TEST & ASSEMBLY, INC.401K PROFIT was established in 1995.

What are the investment options in M.C. TEST & ASSEMBLY, INC.401K PROFIT?

MyPlanIQ tracks the investment lineup for M.C. TEST & ASSEMBLY, INC.401K PROFIT on its investment options page: https://www.myplaniq.com/invest/planinvestments/mc-test-assembly-inc401k-profit/

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M.C. TEST & ASSEMBLY, INC.401K PROFIT

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Contribution & Savings

M.C. TEST & ASSEMBLY, INC.401K PROFIT Average Participant Retirement Account Value

In 2003, the average participant retirement account value for M.C. TEST & ASSEMBLY, INC.401K PROFIT is $4,264.00

M.C. TEST & ASSEMBLY, INC.401K PROFIT Estimated Average Employee Contribution Amount

In 2003, the estimated average employee contribution amount per participant for M.C. TEST & ASSEMBLY, INC.401K PROFIT is $1,794.00. 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.
114,834.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,794.00 in M.C. TEST & ASSEMBLY, INC.401K PROFIT, 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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