How many participants are in SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES?

At the end of 1999, SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES reported 544 plan participants.

What are the investment options in SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES?

MyPlanIQ tracks the investment lineup for SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES on its investment options page: https://www.myplaniq.com/invest/planinvestments/simpson-paper-co-savings-plan-for-bargaining-unit-employees/

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Q: What is SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES's employer match?

In 1999, SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES reported $11,502 in employer contributions. That is about 23.9% of reported employee contributions.

SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES

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Contribution & Savings

SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employee Contribution Amount

In 1999, the estimated average employee contribution amount per participant for SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is $176.00. 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.
11,319.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 176.00 in SIMPSON PAPER CO. SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES, 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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