What is RONS DISCOUNT LUMBER, INC. 401(K) PLAN's employer match?

In 2014, RONS DISCOUNT LUMBER, INC. 401(K) PLAN reported $74,942 in employer contributions. That is about 55.2% of reported employee contributions.

How many participants are in RONS DISCOUNT LUMBER, INC. 401(K) PLAN?

At the end of 2014, RONS DISCOUNT LUMBER, INC. 401(K) PLAN reported 223 plan participants.

What are RONS DISCOUNT LUMBER, INC. 401(K) PLAN's total assets?

At the end of 2014, RONS DISCOUNT LUMBER, INC. 401(K) PLAN reported total plan assets of $987,322.

When was RONS DISCOUNT LUMBER, INC. 401(K) PLAN established?

RONS DISCOUNT LUMBER, INC. 401(K) PLAN was established in 2008.

What are the investment options in RONS DISCOUNT LUMBER, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for RONS DISCOUNT LUMBER, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/rons-discount-lumber-inc-401k-plan/

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RONS DISCOUNT LUMBER, INC. 401(K) PLAN

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Contribution & Savings

RONS DISCOUNT LUMBER, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2014, the average participant retirement account value for RONS DISCOUNT LUMBER, INC. 401(K) PLAN is $4,427.00

RONS DISCOUNT LUMBER, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2014, the estimated average employee contribution amount per participant for RONS DISCOUNT LUMBER, INC. 401(K) PLAN is $1,218.00. 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.
77,953.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,218.00 in RONS DISCOUNT LUMBER, INC. 401(K) 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 RONS DISCOUNT LUMBER, INC. 401(K) PLAN

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