What is RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS's employer match?

In 2022, RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS reported $8,771 in employer contributions. That is about 14.7% of reported employee contributions.

How many participants are in RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS?

At the end of 2022, RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS reported 85 plan participants.

What are RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS's total assets?

At the end of 2022, RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS reported total plan assets of $799,114.

What are the investment options in RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS?

MyPlanIQ tracks the investment lineup for RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS on its investment options page: https://www.myplaniq.com/invest/planinvestments/rand-whitney-401k-plan-for-bargaining-units/

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Q: When was RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS established?

RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS was established in 2005.

RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS

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Contribution & Savings

RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS Average Participant Retirement Account Value

In 2022, the average participant retirement account value for RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS is $9,401.00

RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS is $533.00. 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.
34,122.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 533.00 in RAND WHITNEY 401(K) PLAN FOR BARGAINING UNITS, 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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