What is SELECTIVE ENTERPRISES, INC. 401(K) PSP's employer match?

In 2022, SELECTIVE ENTERPRISES, INC. 401(K) PSP reported $117,636 in employer contributions. That is about 33.0% of reported employee contributions.

How many participants are in SELECTIVE ENTERPRISES, INC. 401(K) PSP?

At the end of 2022, SELECTIVE ENTERPRISES, INC. 401(K) PSP reported 123 plan participants.

What are SELECTIVE ENTERPRISES, INC. 401(K) PSP's total assets?

At the end of 2022, SELECTIVE ENTERPRISES, INC. 401(K) PSP reported total plan assets of $6,804,946.

When was SELECTIVE ENTERPRISES, INC. 401(K) PSP established?

SELECTIVE ENTERPRISES, INC. 401(K) PSP was established in 1982.

What are the investment options in SELECTIVE ENTERPRISES, INC. 401(K) PSP?

MyPlanIQ tracks the investment lineup for SELECTIVE ENTERPRISES, INC. 401(K) PSP on its investment options page: https://www.myplaniq.com/invest/planinvestments/selective-enterprises-inc-401k-psp/

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SELECTIVE ENTERPRISES, INC. 401(K) PSP

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Contribution & Savings

SELECTIVE ENTERPRISES, INC. 401(K) PSP Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SELECTIVE ENTERPRISES, INC. 401(K) PSP is $55,324.00

SELECTIVE ENTERPRISES, INC. 401(K) PSP Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SELECTIVE ENTERPRISES, INC. 401(K) PSP is $5,793.00. 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.
370,760.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,793.00 in SELECTIVE ENTERPRISES, INC. 401(K) PSP, 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 SELECTIVE ENTERPRISES, INC. 401(K) PSP

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