What is NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST's employer match?

In 2024, NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST reported $223,977 in employer contributions. That is about 5.3% of reported employee contributions.

How many participants are in NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST?

At the end of 2024, NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST reported 5,080 plan participants.

What are NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST's total assets?

At the end of 2024, NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST reported total plan assets of $27,299,201.

What are the investment options in NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST?

MyPlanIQ tracks the investment lineup for NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/nextsource-inc-401k-profit-sharing-plan-trust/

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Q: When was NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST established?

NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST was established in 2001.

NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST

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Contribution & Savings

NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value

In 2024, the average participant retirement account value for NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST is $5,373.00

NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST is $788.00. 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.
50,489.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 788.00 in NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST, 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 NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST

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