What is S & S PLATING COMPANY's employer match?

In 2020, S & S PLATING COMPANY reported $38,600 in employer contributions. That is about 20.2% of reported employee contributions.

How many participants are in S & S PLATING COMPANY?

At the end of 2020, S & S PLATING COMPANY reported 196 plan participants.

What are S & S PLATING COMPANY's total assets?

At the end of 2020, S & S PLATING COMPANY reported total plan assets of $1,528,259.

When was S & S PLATING COMPANY established?

S & S PLATING COMPANY was established in 2014.

What are the investment options in S & S PLATING COMPANY?

MyPlanIQ tracks the investment lineup for S & S PLATING COMPANY on its investment options page: https://www.myplaniq.com/invest/planinvestments/s-s-plating-company/

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S & S PLATING COMPANY

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Contribution & Savings

S & S PLATING COMPANY Average Participant Retirement Account Value

In 2020, the average participant retirement account value for S & S PLATING COMPANY is $7,797.00

S & S PLATING COMPANY Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for S & S PLATING COMPANY is $1,946.00. 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.
124,577.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,946.00 in S & S PLATING COMPANY, 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 S & S PLATING COMPANY

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