What is PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN's employer match?

In 1999, PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN reported $42,109 in employer contributions. That is about 63.8% of reported employee contributions.

How many participants are in PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN?

At the end of 1999, PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN reported 89 plan participants.

What are PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN's total assets?

At the end of 1999, PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN reported total plan assets of $723,768.

What are the investment options in PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN?

MyPlanIQ tracks the investment lineup for PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/phillips-contracting-company-inc-savings-plan/

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Q: When was PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN established?

PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN was established in 1994.

PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN

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Contribution & Savings

PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN Average Participant Retirement Account Value

In 1999, the average participant retirement account value for PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN is $8,132.00

PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN Estimated Average Employee Contribution Amount

In 1999, the estimated average employee contribution amount per participant for PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN is $1,483.00. 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.
94,932.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,483.00 in PHILLIPS CONTRACTING COMPANY, INC. SAVINGS 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 PHILLIPS CONTRACTING COMPANY, INC. SAVINGS PLAN

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