SJE-RHOMBUS 401(K) PLAN
Contribution & Savings
SJE-RHOMBUS 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SJE-RHOMBUS 401(K) PLAN is $69,643.00
SJE-RHOMBUS 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SJE-RHOMBUS 401(K) PLAN is $8,694.00. 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.
556,457.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,694.00 in SJE-RHOMBUS 401(K) PLAN, assuming a 10%* annual return.
556,457.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,694.00 in SJE-RHOMBUS 401(K) 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 SJE-RHOMBUS 401(K) 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.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- COMPUTALOG EMPLOYEES SAVINGS AND PROFIT SHARING PLAN (642 participants, $11,804,721)
- SHELDAHL, INC. EMPLOYEE SAVINGS PLAN (641 participants, $27,014,703)
- DIODES, INC. 401(K) PLAN (641 participants, $120,304,426)
- APPLIED MICRO CIRCUITS CORPORATION 401(K) EMPLOYEE SAVINGS AND RETIREMENT PLAN (645 participants, $65,579,880)
- WHOOP 401(K) PLAN (649 participants, $18,539,692)