What is SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN's employer match?

In 2023, SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN reported $4,479,136 in employer contributions. That is about 284.5% of reported employee contributions.

How many participants are in SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN?

At the end of 2023, SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN reported 237 plan participants.

What are the investment options in SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/simulation-technologies-inc-401k-profit-sharing-plan/

plancontribution

Q: When was SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN established?

SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN was established in 1983.

SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Overview
Contribution & Match
Investments
Login
Rollover

Contribution & Savings

SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is $262,909.00

SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN is $13,285.00. 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.
850,253.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 13,285.00 in SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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 SIMULATION TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.