What is MCGRORY GLASS, INC. 401(K) PLAN's employer match?

In 2024, MCGRORY GLASS, INC. 401(K) PLAN reported $552,096 in employer contributions. That is about 50.4% of reported employee contributions.

How many participants are in MCGRORY GLASS, INC. 401(K) PLAN?

At the end of 2024, MCGRORY GLASS, INC. 401(K) PLAN reported 170 plan participants.

What are MCGRORY GLASS, INC. 401(K) PLAN's total assets?

At the end of 2024, MCGRORY GLASS, INC. 401(K) PLAN reported total plan assets of $15,933,296.

When was MCGRORY GLASS, INC. 401(K) PLAN established?

MCGRORY GLASS, INC. 401(K) PLAN was established in 1998.

What are the investment options in MCGRORY GLASS, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for MCGRORY GLASS, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/mcgrory-glass-inc-401k-plan/

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MCGRORY GLASS, INC. 401(K) PLAN

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Contribution & Savings

MCGRORY GLASS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for MCGRORY GLASS, INC. 401(K) PLAN is $93,725.00

MCGRORY GLASS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for MCGRORY GLASS, INC. 401(K) PLAN is $7,087.00. 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.
453,611.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,087.00 in MCGRORY GLASS, INC. 401(K) 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.

Keep researching MCGRORY GLASS, INC. 401(K) PLAN

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