What is SBE 401K's employer match?

In 2020, SBE 401K reported $209,064 in employer contributions. That is about 43.1% of reported employee contributions.

How many participants are in SBE 401K?

At the end of 2020, SBE 401K reported 337 plan participants.

What are SBE 401K's total assets?

At the end of 2020, SBE 401K reported total plan assets of $7,589,770.

When was SBE 401K established?

SBE 401K was established in 1991.

What are the investment options in SBE 401K?

MyPlanIQ tracks the investment lineup for SBE 401K on its investment options page: https://www.myplaniq.com/invest/planinvestments/sbe-401k/

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SBE 401K

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Contribution & Savings

SBE 401K Average Participant Retirement Account Value

In 2020, the average participant retirement account value for SBE 401K is $22,521.00

SBE 401K Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for SBE 401K is $2,877.00. 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.
184,166.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,877.00 in SBE 401K, 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 SBE 401K

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.