What is MINSEC COMPANIES, LLC PSP's employer match?

In 2009, MINSEC COMPANIES, LLC PSP reported $139,006 in employer contributions. That is about 66.7% of reported employee contributions.

How many participants are in MINSEC COMPANIES, LLC PSP?

At the end of 2009, MINSEC COMPANIES, LLC PSP reported 193 plan participants.

What are MINSEC COMPANIES, LLC PSP's total assets?

At the end of 2009, MINSEC COMPANIES, LLC PSP reported total plan assets of $1,753,264.

When was MINSEC COMPANIES, LLC PSP established?

MINSEC COMPANIES, LLC PSP was established in 2000.

What are the investment options in MINSEC COMPANIES, LLC PSP?

MyPlanIQ tracks the investment lineup for MINSEC COMPANIES, LLC PSP on its investment options page: https://www.myplaniq.com/invest/planinvestments/minsec-companies-llc-psp/

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MINSEC COMPANIES, LLC PSP

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Contribution & Savings

MINSEC COMPANIES, LLC PSP Average Participant Retirement Account Value

In 2009, the average participant retirement account value for MINSEC COMPANIES, LLC PSP is $9,084.00

MINSEC COMPANIES, LLC PSP Estimated Average Employee Contribution Amount

In 2009, the estimated average employee contribution amount per participant for MINSEC COMPANIES, LLC PSP is $2,160.00. 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.
138,261.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,160.00 in MINSEC COMPANIES, LLC PSP, 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 MINSEC COMPANIES, LLC PSP

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