What is PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN's employer match?

In 2019, PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN reported $287,752 in employer contributions. That is about 47.1% of reported employee contributions.

How many participants are in PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN?

At the end of 2019, PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN reported 157 plan participants.

What are PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN's total assets?

At the end of 2019, PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN reported total plan assets of $10,425,928.

When was PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN established?

PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN was established in 1989.

What are the investment options in PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN?

MyPlanIQ tracks the investment lineup for PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/paragon-technologies-inc-401k-ps-plan/

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PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN

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Contribution & Savings

PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN Average Participant Retirement Account Value

In 2019, the average participant retirement account value for PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN is $66,407.00

PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for PARAGON TECHNOLOGIES, INC. 401(K) PS PLAN is $7,780.00. 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.
497,927.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,780.00 in PARAGON TECHNOLOGIES, INC. 401(K) PS 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.

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