What is NEGWER MATERIALS, INC. 401(K) PLAN's employer match?

In 2024, NEGWER MATERIALS, INC. 401(K) PLAN reported $1,031,169 in employer contributions. That is about 76.6% of reported employee contributions.

How many participants are in NEGWER MATERIALS, INC. 401(K) PLAN?

At the end of 2024, NEGWER MATERIALS, INC. 401(K) PLAN reported 232 plan participants.

What are NEGWER MATERIALS, INC. 401(K) PLAN's total assets?

At the end of 2024, NEGWER MATERIALS, INC. 401(K) PLAN reported total plan assets of $21,483,554.

When was NEGWER MATERIALS, INC. 401(K) PLAN established?

NEGWER MATERIALS, INC. 401(K) PLAN was established in 2014.

What are the investment options in NEGWER MATERIALS, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for NEGWER MATERIALS, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/negwer-materials-inc-401k-plan/

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NEGWER MATERIALS, INC. 401(K) PLAN

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Contribution & Savings

NEGWER MATERIALS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for NEGWER MATERIALS, INC. 401(K) PLAN is $92,601.00

NEGWER MATERIALS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for NEGWER MATERIALS, INC. 401(K) PLAN is $6,172.00. 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.
395,020.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,172.00 in NEGWER MATERIALS, 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 NEGWER MATERIALS, INC. 401(K) PLAN

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