How many participants are in PLATINUM SECURITY EMPLOYEE BENEFIT PLAN?

At the end of 2024, PLATINUM SECURITY EMPLOYEE BENEFIT PLAN reported 421 plan participants.

What are PLATINUM SECURITY EMPLOYEE BENEFIT PLAN's total assets?

At the end of 2024, PLATINUM SECURITY EMPLOYEE BENEFIT PLAN reported total plan assets of $580,572.

When was PLATINUM SECURITY EMPLOYEE BENEFIT PLAN established?

PLATINUM SECURITY EMPLOYEE BENEFIT PLAN was established in 2019.

What are the investment options in PLATINUM SECURITY EMPLOYEE BENEFIT PLAN?

MyPlanIQ tracks the investment lineup for PLATINUM SECURITY EMPLOYEE BENEFIT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/platinum-security-employee-benefit-plan/

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PLATINUM SECURITY EMPLOYEE BENEFIT PLAN

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Contribution & Savings

PLATINUM SECURITY EMPLOYEE BENEFIT PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for PLATINUM SECURITY EMPLOYEE BENEFIT PLAN is $1,379.00

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.

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