OHIO BRICKLAYERS LOCAL NO. 8 SECURITY PLAN
Contribution & Savings
OHIO BRICKLAYERS LOCAL NO. 8 SECURITY PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for OHIO BRICKLAYERS LOCAL NO. 8 SECURITY PLAN is $5,635.00
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 OHIO BRICKLAYERS LOCAL NO. 8 SECURITY PLAN
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.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- LOCAL 199 LABORERS INTERNATIONAL UNION OF NORTH AMERICA ANNUITY PLAN (1,471 participants, $7,033,741)
- UNITED PLANT & PRODUCTION WORKERS L175 ANNUITY FUND (1,393 participants, $31,175,935)
- INTERNATIONAL UNION OF JOURNEYMEN AND ALLIED TRADES 401K RETIREMENT PLAN (1,388 participants, $5,475,252)
- MSTC EASY(K) PEP (1,384 participants, $19,332,728)
- CEMENT MASONS ANNUITY TRUST FUND FOR NOTHERNERN NEVADA (1,516 participants, $24,868,383)