How many participants are in RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN?

At the end of 2004, RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN reported 667 plan participants.

What are the investment options in RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN?

MyPlanIQ tracks the investment lineup for RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/richardson-electronics-ltd-employees-profitsharing-plan/

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Q: What is RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN's employer match?

In 2004, RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN reported $988,656 in employer contributions. That is about 37.5% of reported employee contributions.

Q: When was RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN established?

RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN was established in 1970.

RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN

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Contribution & Savings

RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN Average Participant Retirement Account Value

In 2004, the average participant retirement account value for RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN is $52,585.00

RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN Estimated Average Employee Contribution Amount

In 2004, the estimated average employee contribution amount per participant for RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING PLAN is $7,895.00. 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.
505,305.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,895.00 in RICHARDSON ELECTRONICS LTD EMPLOYEES PROFITSHARING 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.

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