How many participants are in SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN?

At the end of 2001, SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN reported 3,496 plan participants.

What are the investment options in SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN?

MyPlanIQ tracks the investment lineup for SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/sensormatic-electronics-corporation-sensor-saveplan/

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Q: What is SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN's employer match?

In 2001, SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN reported $3,103,899 in employer contributions. That is about 38.0% of reported employee contributions.

Q: When was SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN established?

SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN was established in 1982.

SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN

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Contribution & Savings

SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN Average Participant Retirement Account Value

In 2001, the average participant retirement account value for SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN is $23,427.00

SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN is $4,673.00. 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.
299,083.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,673.00 in SENSORMATIC ELECTRONICS CORPORATION SENSOR SAVEPLAN, 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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