What is MCKINLEY CONTAINER 401K BARGAINED PLAN's employer match?

In 2001, MCKINLEY CONTAINER 401K BARGAINED PLAN reported $45,589 in employer contributions. That is about 61.0% of reported employee contributions.

How many participants are in MCKINLEY CONTAINER 401K BARGAINED PLAN?

At the end of 2001, MCKINLEY CONTAINER 401K BARGAINED PLAN reported 157 plan participants.

What are MCKINLEY CONTAINER 401K BARGAINED PLAN's total assets?

At the end of 2001, MCKINLEY CONTAINER 401K BARGAINED PLAN reported total plan assets of $489,247.

When was MCKINLEY CONTAINER 401K BARGAINED PLAN established?

MCKINLEY CONTAINER 401K BARGAINED PLAN was established in 1998.

What are the investment options in MCKINLEY CONTAINER 401K BARGAINED PLAN?

MyPlanIQ tracks the investment lineup for MCKINLEY CONTAINER 401K BARGAINED PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/mckinley-container-401k-bargained-plan/

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MCKINLEY CONTAINER 401K BARGAINED PLAN

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Contribution & Savings

MCKINLEY CONTAINER 401K BARGAINED PLAN Average Participant Retirement Account Value

In 2001, the average participant retirement account value for MCKINLEY CONTAINER 401K BARGAINED PLAN is $3,116.00

MCKINLEY CONTAINER 401K BARGAINED PLAN Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for MCKINLEY CONTAINER 401K BARGAINED PLAN is $951.00. 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.
60,896.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 951.00 in MCKINLEY CONTAINER 401K BARGAINED 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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