What is P2S ENGINEERING, INC. 401(K) PLAN's employer match?

In 2018, P2S ENGINEERING, INC. 401(K) PLAN reported $327,351 in employer contributions. That is about 23.8% of reported employee contributions.

How many participants are in P2S ENGINEERING, INC. 401(K) PLAN?

At the end of 2018, P2S ENGINEERING, INC. 401(K) PLAN reported 214 plan participants.

What are P2S ENGINEERING, INC. 401(K) PLAN's total assets?

At the end of 2018, P2S ENGINEERING, INC. 401(K) PLAN reported total plan assets of $14,091,302.

When was P2S ENGINEERING, INC. 401(K) PLAN established?

P2S ENGINEERING, INC. 401(K) PLAN was established in 1993.

What are the investment options in P2S ENGINEERING, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for P2S ENGINEERING, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/p2s-engineering-inc-401k-plan/

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P2S ENGINEERING, INC. 401(K) PLAN

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Contribution & Savings

P2S ENGINEERING, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2018, the average participant retirement account value for P2S ENGINEERING, INC. 401(K) PLAN is $65,847.00

P2S ENGINEERING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for P2S ENGINEERING, INC. 401(K) PLAN is $12,849.00. 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.
822,388.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 12,849.00 in P2S ENGINEERING, INC. 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 P2S ENGINEERING, INC. 401(K) PLAN

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