What is MRINE, INC IOIK's employer match?

In 2008, MRINE, INC IOIK reported $487,104 in employer contributions. That is about 70.6% of reported employee contributions.

How many participants are in MRINE, INC IOIK?

At the end of 2008, MRINE, INC IOIK reported 191 plan participants.

What are MRINE, INC IOIK's total assets?

At the end of 2008, MRINE, INC IOIK reported total plan assets of $3,938,686.

What are the investment options in MRINE, INC IOIK?

MyPlanIQ tracks the investment lineup for MRINE, INC IOIK on its investment options page: https://www.myplaniq.com/invest/planinvestments/mrine-inc-ioik/

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MRINE, INC IOIK

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Contribution & Savings

MRINE, INC IOIK Average Participant Retirement Account Value

In 2008, the average participant retirement account value for MRINE, INC IOIK is $20,621.00

MRINE, INC IOIK Estimated Average Employee Contribution Amount

In 2008, the estimated average employee contribution amount per participant for MRINE, INC IOIK is $7,222.00. 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.
462,254.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,222.00 in MRINE, INC IOIK, 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 MRINE, INC IOIK

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