What is MODUS EDISCOVERY, INC. 401(K) PLAN's employer match?

In 2016, MODUS EDISCOVERY, INC. 401(K) PLAN reported $22,718 in employer contributions. That is about 15.3% of reported employee contributions.

How many participants are in MODUS EDISCOVERY, INC. 401(K) PLAN?

At the end of 2016, MODUS EDISCOVERY, INC. 401(K) PLAN reported 122 plan participants.

What are MODUS EDISCOVERY, INC. 401(K) PLAN's total assets?

At the end of 2016, MODUS EDISCOVERY, INC. 401(K) PLAN reported total plan assets of $655,155.

When was MODUS EDISCOVERY, INC. 401(K) PLAN established?

MODUS EDISCOVERY, INC. 401(K) PLAN was established in 2012.

What are the investment options in MODUS EDISCOVERY, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for MODUS EDISCOVERY, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/modus-ediscovery-inc-401k-plan/

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MODUS EDISCOVERY, INC. 401(K) PLAN

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Contribution & Savings

MODUS EDISCOVERY, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2016, the average participant retirement account value for MODUS EDISCOVERY, INC. 401(K) PLAN is $5,370.00

MODUS EDISCOVERY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for MODUS EDISCOVERY, INC. 401(K) PLAN is $2,435.00. 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.
155,848.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,435.00 in MODUS EDISCOVERY, INC. 401(K) 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.

Keep researching MODUS EDISCOVERY, INC. 401(K) PLAN

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