What is MODEL CLEANERS, UNIFORMS & APP's employer match?

In 2009, MODEL CLEANERS, UNIFORMS & APP reported $117,024 in employer contributions. That is about 50.9% of reported employee contributions.

How many participants are in MODEL CLEANERS, UNIFORMS & APP?

At the end of 2009, MODEL CLEANERS, UNIFORMS & APP reported 164 plan participants.

What are MODEL CLEANERS, UNIFORMS & APP's total assets?

At the end of 2009, MODEL CLEANERS, UNIFORMS & APP reported total plan assets of $1,777,312.

When was MODEL CLEANERS, UNIFORMS & APP established?

MODEL CLEANERS, UNIFORMS & APP was established in 1997.

What are the investment options in MODEL CLEANERS, UNIFORMS & APP?

MyPlanIQ tracks the investment lineup for MODEL CLEANERS, UNIFORMS & APP on its investment options page: https://www.myplaniq.com/invest/planinvestments/model-cleaners-uniforms-app/

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MODEL CLEANERS, UNIFORMS & APP

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Contribution & Savings

MODEL CLEANERS, UNIFORMS & APP Average Participant Retirement Account Value

In 2009, the average participant retirement account value for MODEL CLEANERS, UNIFORMS & APP is $10,837.00

MODEL CLEANERS, UNIFORMS & APP Estimated Average Employee Contribution Amount

In 2009, the estimated average employee contribution amount per participant for MODEL CLEANERS, UNIFORMS & APP is $2,801.00. 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.
179,284.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,801.00 in MODEL CLEANERS, UNIFORMS & APP, 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 MODEL CLEANERS, UNIFORMS & APP

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