What is PRE-TAX SAVINGS PLAN (TEXARKANA)'s employer match?

In 2020, PRE-TAX SAVINGS PLAN (TEXARKANA) reported $1,104,199 in employer contributions. That is about 24.9% of reported employee contributions.

How many participants are in PRE-TAX SAVINGS PLAN (TEXARKANA)?

At the end of 2020, PRE-TAX SAVINGS PLAN (TEXARKANA) reported 1,700 plan participants.

What are PRE-TAX SAVINGS PLAN (TEXARKANA)'s total assets?

At the end of 2020, PRE-TAX SAVINGS PLAN (TEXARKANA) reported total plan assets of $105,937,675.

When was PRE-TAX SAVINGS PLAN (TEXARKANA) established?

PRE-TAX SAVINGS PLAN (TEXARKANA) was established in 1990.

What are the investment options in PRE-TAX SAVINGS PLAN (TEXARKANA)?

MyPlanIQ tracks the investment lineup for PRE-TAX SAVINGS PLAN (TEXARKANA) on its investment options page: https://www.myplaniq.com/invest/planinvestments/pretax-savings-plan-texarkana/

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PRE-TAX SAVINGS PLAN (TEXARKANA)

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Contribution & Savings

PRE-TAX SAVINGS PLAN (TEXARKANA) Average Participant Retirement Account Value

In 2020, the average participant retirement account value for PRE-TAX SAVINGS PLAN (TEXARKANA) is $62,316.00

PRE-TAX SAVINGS PLAN (TEXARKANA) Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for PRE-TAX SAVINGS PLAN (TEXARKANA) is $5,223.00. 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.
334,309.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,223.00 in PRE-TAX SAVINGS PLAN (TEXARKANA), 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 PRE-TAX SAVINGS PLAN (TEXARKANA)

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