What is SECURITY SAVINGS BANK, F.S.B.'s employer match?

In 2003, SECURITY SAVINGS BANK, F.S.B. reported $151,347 in employer contributions. That is about 48.6% of reported employee contributions.

How many participants are in SECURITY SAVINGS BANK, F.S.B.?

At the end of 2003, SECURITY SAVINGS BANK, F.S.B. reported 121 plan participants.

What are SECURITY SAVINGS BANK, F.S.B.'s total assets?

At the end of 2003, SECURITY SAVINGS BANK, F.S.B. reported total plan assets of $1,855,388.

When was SECURITY SAVINGS BANK, F.S.B. established?

SECURITY SAVINGS BANK, F.S.B. was established in 1994.

What are the investment options in SECURITY SAVINGS BANK, F.S.B.?

MyPlanIQ tracks the investment lineup for SECURITY SAVINGS BANK, F.S.B. on its investment options page: https://www.myplaniq.com/invest/planinvestments/security-savings-bank-fsb/

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SECURITY SAVINGS BANK, F.S.B.

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Contribution & Savings

SECURITY SAVINGS BANK, F.S.B. Average Participant Retirement Account Value

In 2003, the average participant retirement account value for SECURITY SAVINGS BANK, F.S.B. is $15,333.00

SECURITY SAVINGS BANK, F.S.B. Estimated Average Employee Contribution Amount

In 2003, the estimated average employee contribution amount per participant for SECURITY SAVINGS BANK, F.S.B. is $5,150.00. 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.
329,646.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,150.00 in SECURITY SAVINGS BANK, F.S.B., 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 SECURITY SAVINGS BANK, F.S.B.

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