What is THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP)'s employer match?

In 2018, THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) reported $20,936,748 in employer contributions. That is about 2,401.9% of reported employee contributions.

How many participants are in THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP)?

At the end of 2018, THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) reported 3,384 plan participants.

What are THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP)'s total assets?

At the end of 2018, THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) reported total plan assets of $398,740,891.

When was THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) established?

THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) was established in 1993.

What are the investment options in THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP)?

MyPlanIQ tracks the investment lineup for THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) on its investment options page: https://www.myplaniq.com/invest/planinvestments/the-aerospace-savings-account-plan-asap/

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THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP)

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Contribution & Savings

THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) Average Participant Retirement Account Value

In 2018, the average participant retirement account value for THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) is $117,831.00

THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP) is $515.00. 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.
32,971.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 515.00 in THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP), 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 THE AEROSPACE SAVINGS ACCOUNT PLAN (ASAP)

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