What is TAK COMMUNICATIONS, INC. 401(K) PLAN's employer match?

In 2023, TAK COMMUNICATIONS, INC. 401(K) PLAN reported $296,830 in employer contributions. That is about 29.4% of reported employee contributions.

How many participants are in TAK COMMUNICATIONS, INC. 401(K) PLAN?

At the end of 2023, TAK COMMUNICATIONS, INC. 401(K) PLAN reported 787 plan participants.

What are TAK COMMUNICATIONS, INC. 401(K) PLAN's total assets?

At the end of 2023, TAK COMMUNICATIONS, INC. 401(K) PLAN reported total plan assets of $4,822,356.

When was TAK COMMUNICATIONS, INC. 401(K) PLAN established?

TAK COMMUNICATIONS, INC. 401(K) PLAN was established in 2015.

What are the investment options in TAK COMMUNICATIONS, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for TAK COMMUNICATIONS, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/tak-communications-inc-401k-plan/

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TAK COMMUNICATIONS, INC. 401(K) PLAN

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Contribution & Savings

TAK COMMUNICATIONS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for TAK COMMUNICATIONS, INC. 401(K) PLAN is $6,127.00

TAK COMMUNICATIONS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for TAK COMMUNICATIONS, INC. 401(K) PLAN is $1,346.00. 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.
86,201.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,346.00 in TAK COMMUNICATIONS, INC. 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 TAK COMMUNICATIONS, INC. 401(K) PLAN

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