What is O. E. MEYER CO. 401(K) PLAN's employer match?

In 2024, O. E. MEYER CO. 401(K) PLAN reported $181,067 in employer contributions. That is about 35.6% of reported employee contributions.

How many participants are in O. E. MEYER CO. 401(K) PLAN?

At the end of 2024, O. E. MEYER CO. 401(K) PLAN reported 146 plan participants.

What are O. E. MEYER CO. 401(K) PLAN's total assets?

At the end of 2024, O. E. MEYER CO. 401(K) PLAN reported total plan assets of $16,566,025.

When was O. E. MEYER CO. 401(K) PLAN established?

O. E. MEYER CO. 401(K) PLAN was established in 1990.

What are the investment options in O. E. MEYER CO. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for O. E. MEYER CO. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/o-e-meyer-co-401k-plan/

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O. E. MEYER CO. 401(K) PLAN

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Contribution & Savings

O. E. MEYER CO. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for O. E. MEYER CO. 401(K) PLAN is $113,465.00

O. E. MEYER CO. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for O. E. MEYER CO. 401(K) PLAN is $3,689.00. 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.
236,099.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,689.00 in O. E. MEYER CO. 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 O. E. MEYER CO. 401(K) PLAN

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