How many participants are in MOBILE LUMBER & BUILDING MATERIALS, INC.?

At the end of 2013, MOBILE LUMBER & BUILDING MATERIALS, INC. reported 146 plan participants.

What are MOBILE LUMBER & BUILDING MATERIALS, INC.'s total assets?

At the end of 2013, MOBILE LUMBER & BUILDING MATERIALS, INC. reported total plan assets of $1,401,557.

When was MOBILE LUMBER & BUILDING MATERIALS, INC. established?

MOBILE LUMBER & BUILDING MATERIALS, INC. was established in 1995.

What are the investment options in MOBILE LUMBER & BUILDING MATERIALS, INC.?

MyPlanIQ tracks the investment lineup for MOBILE LUMBER & BUILDING MATERIALS, INC. on its investment options page: https://www.myplaniq.com/invest/planinvestments/mobile-lumber-building-materials-inc/

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MOBILE LUMBER & BUILDING MATERIALS, INC.

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Contribution & Savings

MOBILE LUMBER & BUILDING MATERIALS, INC. Average Participant Retirement Account Value

In 2013, the average participant retirement account value for MOBILE LUMBER & BUILDING MATERIALS, INC. is $9,599.00

MOBILE LUMBER & BUILDING MATERIALS, INC. Estimated Average Employee Contribution Amount

In 2013, the estimated average employee contribution amount per participant for MOBILE LUMBER & BUILDING MATERIALS, INC. is $747.00. 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.
47,836.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 747.00 in MOBILE LUMBER & BUILDING MATERIALS, INC., 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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