What is SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S's employer match?

In 2024, SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S reported $2,681,811 in employer contributions. That is about 123.1% of reported employee contributions.

How many participants are in SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S?

At the end of 2024, SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S reported 295 plan participants.

What are SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S's total assets?

At the end of 2024, SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S reported total plan assets of $95,341,467.

What are the investment options in SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S?

MyPlanIQ tracks the investment lineup for SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S on its investment options page: https://www.myplaniq.com/invest/planinvestments/savings-plan-for-salaried-employees-of-gortons/

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Q: When was SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S established?

SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S was established in 2001.

SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON’S

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Contribution & Savings

SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON’S Average Participant Retirement Account Value

In 2024, the average participant retirement account value for SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON’S is $323,191.00

SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON’S Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON’S is $7,806.00. 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.
499,598.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,806.00 in SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON’S, 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 SAVINGS PLAN FOR SALARIED EMPLOYEES OF GORTON'S

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