What is MINERS ACE HARDWARE's employer match?

In 2016, MINERS ACE HARDWARE reported $9,309 in employer contributions. That is about 39.5% of reported employee contributions.

How many participants are in MINERS ACE HARDWARE?

At the end of 2016, MINERS ACE HARDWARE reported 168 plan participants.

When was MINERS ACE HARDWARE established?

MINERS ACE HARDWARE was established in 2014.

What are the investment options in MINERS ACE HARDWARE?

MyPlanIQ tracks the investment lineup for MINERS ACE HARDWARE on its investment options page: https://www.myplaniq.com/invest/planinvestments/miners-ace-hardware/

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MINERS ACE HARDWARE

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Contribution & Savings

MINERS ACE HARDWARE Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for MINERS ACE HARDWARE is $280.00. 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.
17,954.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 280.00 in MINERS ACE HARDWARE, 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 MINERS ACE HARDWARE

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