What is O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST's employer match?

In 2022, O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST reported $63,058 in employer contributions. That is about 13.6% of reported employee contributions.

How many participants are in O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST?

At the end of 2022, O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST reported 113 plan participants.

What are O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST's total assets?

At the end of 2022, O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST reported total plan assets of $6,944,297.

What are the investment options in O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST?

MyPlanIQ tracks the investment lineup for O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/oconnell-lawrence-inc-employees-401k-plan-trust/

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Q: When was O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST established?

O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST was established in 1997.

O’CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST

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Contribution & Savings

O’CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST Average Participant Retirement Account Value

In 2022, the average participant retirement account value for O’CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST is $61,453.00

O’CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for O’CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST is $4,054.00. 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.
259,493.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,054.00 in O’CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) 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 O'CONNELL & LAWRENCE, INC. EMPLOYEES 401(K) PLAN & TRUST

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