What is SAVINGS PLAN OF BYK USA's employer match?

In 2024, SAVINGS PLAN OF BYK USA reported $2,038,988 in employer contributions. That is about 46.7% of reported employee contributions.

How many participants are in SAVINGS PLAN OF BYK USA?

At the end of 2024, SAVINGS PLAN OF BYK USA reported 698 plan participants.

What are SAVINGS PLAN OF BYK USA's total assets?

At the end of 2024, SAVINGS PLAN OF BYK USA reported total plan assets of $116,521,057.

When was SAVINGS PLAN OF BYK USA established?

SAVINGS PLAN OF BYK USA was established in 1984.

What are the investment options in SAVINGS PLAN OF BYK USA?

MyPlanIQ tracks the investment lineup for SAVINGS PLAN OF BYK USA on its investment options page: https://www.myplaniq.com/invest/planinvestments/savings-plan-of-byk-usa/

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SAVINGS PLAN OF BYK USA

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Contribution & Savings

SAVINGS PLAN OF BYK USA Average Participant Retirement Account Value

In 2024, the average participant retirement account value for SAVINGS PLAN OF BYK USA is $166,935.00

SAVINGS PLAN OF BYK USA Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SAVINGS PLAN OF BYK USA is $6,885.00. 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.
440,678.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,885.00 in SAVINGS PLAN OF BYK USA, 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 OF BYK USA

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