What is SCHMUESER GORDON MEYER, INC. 401(K) PLAN's employer match?

In 2024, SCHMUESER GORDON MEYER, INC. 401(K) PLAN reported $477,347 in employer contributions. That is about 32.0% of reported employee contributions.

How many participants are in SCHMUESER GORDON MEYER, INC. 401(K) PLAN?

At the end of 2024, SCHMUESER GORDON MEYER, INC. 401(K) PLAN reported 143 plan participants.

What are SCHMUESER GORDON MEYER, INC. 401(K) PLAN's total assets?

At the end of 2024, SCHMUESER GORDON MEYER, INC. 401(K) PLAN reported total plan assets of $23,472,958.

When was SCHMUESER GORDON MEYER, INC. 401(K) PLAN established?

SCHMUESER GORDON MEYER, INC. 401(K) PLAN was established in 1986.

What are the investment options in SCHMUESER GORDON MEYER, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for SCHMUESER GORDON MEYER, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/schmueser-gordon-meyer-inc-401k-plan/

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SCHMUESER GORDON MEYER, INC. 401(K) PLAN

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Contribution & Savings

SCHMUESER GORDON MEYER, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for SCHMUESER GORDON MEYER, INC. 401(K) PLAN is $164,146.00

SCHMUESER GORDON MEYER, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SCHMUESER GORDON MEYER, INC. 401(K) PLAN is $10,565.00. 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.
676,193.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,565.00 in SCHMUESER GORDON MEYER, 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.

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