What is SOURCE REFRIGERATION & HVAC, INC.'s employer match?

In 2009, SOURCE REFRIGERATION & HVAC, INC. reported $1,438,379 in employer contributions. That is about 58.7% of reported employee contributions.

How many participants are in SOURCE REFRIGERATION & HVAC, INC.?

At the end of 2009, SOURCE REFRIGERATION & HVAC, INC. reported 1,285 plan participants.

What are SOURCE REFRIGERATION & HVAC, INC.'s total assets?

At the end of 2009, SOURCE REFRIGERATION & HVAC, INC. reported total plan assets of $22,612,992.

When was SOURCE REFRIGERATION & HVAC, INC. established?

SOURCE REFRIGERATION & HVAC, INC. was established in 1991.

What are the investment options in SOURCE REFRIGERATION & HVAC, INC.?

MyPlanIQ tracks the investment lineup for SOURCE REFRIGERATION & HVAC, INC. on its investment options page: https://www.myplaniq.com/invest/planinvestments/source-refrigeration-hvac-inc/

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SOURCE REFRIGERATION & HVAC, INC.

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Contribution & Savings

SOURCE REFRIGERATION & HVAC, INC. Average Participant Retirement Account Value

In 2009, the average participant retirement account value for SOURCE REFRIGERATION & HVAC, INC. is $17,597.00

SOURCE REFRIGERATION & HVAC, INC. Estimated Average Employee Contribution Amount

In 2009, the estimated average employee contribution amount per participant for SOURCE REFRIGERATION & HVAC, INC. is $3,815.00. 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.
244,188.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,815.00 in SOURCE REFRIGERATION & HVAC, INC., 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 SOURCE REFRIGERATION & HVAC, INC.

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