What is NEW FRONTIER MATERIALS - 401(K) PLAN - UNION's employer match?

In 2022, NEW FRONTIER MATERIALS - 401(K) PLAN - UNION reported $1,113,303 in employer contributions. That is about 720.9% of reported employee contributions.

How many participants are in NEW FRONTIER MATERIALS - 401(K) PLAN - UNION?

At the end of 2022, NEW FRONTIER MATERIALS - 401(K) PLAN - UNION reported 185 plan participants.

What are NEW FRONTIER MATERIALS - 401(K) PLAN - UNION's total assets?

At the end of 2022, NEW FRONTIER MATERIALS - 401(K) PLAN - UNION reported total plan assets of $1,581,118.

When was NEW FRONTIER MATERIALS - 401(K) PLAN - UNION established?

NEW FRONTIER MATERIALS - 401(K) PLAN - UNION was established in 2021.

What are the investment options in NEW FRONTIER MATERIALS - 401(K) PLAN - UNION?

MyPlanIQ tracks the investment lineup for NEW FRONTIER MATERIALS - 401(K) PLAN - UNION on its investment options page: https://www.myplaniq.com/invest/planinvestments/new-frontier-materials-401k-plan-union/

plancontribution

NEW FRONTIER MATERIALS – 401(K) PLAN – UNION

Overview
Contribution & Match
Investments
Login
Rollover

Contribution & Savings

NEW FRONTIER MATERIALS – 401(K) PLAN – UNION Average Participant Retirement Account Value

In 2022, the average participant retirement account value for NEW FRONTIER MATERIALS – 401(K) PLAN – UNION is $8,546.00

NEW FRONTIER MATERIALS – 401(K) PLAN – UNION Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for NEW FRONTIER MATERIALS – 401(K) PLAN – UNION is $1,669.00. 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.
106,854.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,669.00 in NEW FRONTIER MATERIALS – 401(K) PLAN – UNION, 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 NEW FRONTIER MATERIALS – 401(K) PLAN – UNION

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.