What is MCCARTHY EMPLOYEE RETIREMENT SAVING's employer match?

In 2006, MCCARTHY EMPLOYEE RETIREMENT SAVING reported $4,645,905 in employer contributions. That is about 67.1% of reported employee contributions.

How many participants are in MCCARTHY EMPLOYEE RETIREMENT SAVING?

At the end of 2006, MCCARTHY EMPLOYEE RETIREMENT SAVING reported 1,413 plan participants.

What are MCCARTHY EMPLOYEE RETIREMENT SAVING's total assets?

At the end of 2006, MCCARTHY EMPLOYEE RETIREMENT SAVING reported total plan assets of $94,560,610.

When was MCCARTHY EMPLOYEE RETIREMENT SAVING established?

MCCARTHY EMPLOYEE RETIREMENT SAVING was established in 1966.

What are the investment options in MCCARTHY EMPLOYEE RETIREMENT SAVING?

MyPlanIQ tracks the investment lineup for MCCARTHY EMPLOYEE RETIREMENT SAVING on its investment options page: https://www.myplaniq.com/invest/planinvestments/mccarthy-employee-retirement-saving/

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MCCARTHY EMPLOYEE RETIREMENT SAVING

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Contribution & Savings

MCCARTHY EMPLOYEE RETIREMENT SAVING Average Participant Retirement Account Value

In 2006, the average participant retirement account value for MCCARTHY EMPLOYEE RETIREMENT SAVING is $66,921.00

MCCARTHY EMPLOYEE RETIREMENT SAVING Estimated Average Employee Contribution Amount

In 2006, the estimated average employee contribution amount per participant for MCCARTHY EMPLOYEE RETIREMENT SAVING is $9,795.00. 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.
626,894.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,795.00 in MCCARTHY EMPLOYEE RETIREMENT SAVING, 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 MCCARTHY EMPLOYEE RETIREMENT SAVING

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