How many participants are in MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN?

At the end of 2002, MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN reported 140 plan participants.

What are MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN's total assets?

At the end of 2002, MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN reported total plan assets of $6,669,447.

What are the investment options in MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN?

MyPlanIQ tracks the investment lineup for MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/muskegon-area-patternmakers-prototype-401k-plan/

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Q: When was MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN established?

MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN was established in 1984.

MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN

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Contribution & Savings

MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN Average Participant Retirement Account Value

In 2002, the average participant retirement account value for MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN is $47,638.00

MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN Estimated Average Employee Contribution Amount

In 2002, the estimated average employee contribution amount per participant for MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K PLAN is $5,464.00. 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.
349,743.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,464.00 in MUSKEGON AREA PATTERNMAKERS PROTOTYPE 401K 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.

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