What is PHIL SMART, INC. 401(K) PLAN's employer match?

In 2011, PHIL SMART, INC. 401(K) PLAN reported $20,154 in employer contributions. That is about 11.5% of reported employee contributions.

How many participants are in PHIL SMART, INC. 401(K) PLAN?

At the end of 2011, PHIL SMART, INC. 401(K) PLAN reported 131 plan participants.

What are PHIL SMART, INC. 401(K) PLAN's total assets?

At the end of 2011, PHIL SMART, INC. 401(K) PLAN reported total plan assets of $2,278,504.

When was PHIL SMART, INC. 401(K) PLAN established?

PHIL SMART, INC. 401(K) PLAN was established in 1998.

What are the investment options in PHIL SMART, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for PHIL SMART, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/phil-smart-inc-401k-plan/

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PHIL SMART, INC. 401(K) PLAN

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Contribution & Savings

PHIL SMART, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2011, the average participant retirement account value for PHIL SMART, INC. 401(K) PLAN is $17,393.00

PHIL SMART, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2011, the estimated average employee contribution amount per participant for PHIL SMART, INC. 401(K) PLAN is $2,671.00. 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.
170,951.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,671.00 in PHIL SMART, 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 PHIL SMART, INC. 401(K) PLAN

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