What is SERV-U-SUCCESS 401(K) SAVINGS PLAN's employer match?

In 2023, SERV-U-SUCCESS 401(K) SAVINGS PLAN reported $479,210 in employer contributions. That is about 35.3% of reported employee contributions.

How many participants are in SERV-U-SUCCESS 401(K) SAVINGS PLAN?

At the end of 2023, SERV-U-SUCCESS 401(K) SAVINGS PLAN reported 1,345 plan participants.

What are SERV-U-SUCCESS 401(K) SAVINGS PLAN's total assets?

At the end of 2023, SERV-U-SUCCESS 401(K) SAVINGS PLAN reported total plan assets of $20,418,161.

When was SERV-U-SUCCESS 401(K) SAVINGS PLAN established?

SERV-U-SUCCESS 401(K) SAVINGS PLAN was established in 2015.

What are the investment options in SERV-U-SUCCESS 401(K) SAVINGS PLAN?

MyPlanIQ tracks the investment lineup for SERV-U-SUCCESS 401(K) SAVINGS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/servusuccess-401k-savings-plan/

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SERV-U-SUCCESS 401(K) SAVINGS PLAN

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Contribution & Savings

SERV-U-SUCCESS 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SERV-U-SUCCESS 401(K) SAVINGS PLAN is $15,180.00

SERV-U-SUCCESS 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SERV-U-SUCCESS 401(K) SAVINGS PLAN is $1,056.00. 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.
67,619.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,056.00 in SERV-U-SUCCESS 401(K) SAVINGS 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.

Keep researching SERV-U-SUCCESS 401(K) SAVINGS PLAN

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