What is THE WAKEFIELDS INC PROFIT SHARING's employer match?

In 2002, THE WAKEFIELDS INC PROFIT SHARING reported $50,000 in employer contributions. That is about 93.1% of reported employee contributions.

How many participants are in THE WAKEFIELDS INC PROFIT SHARING?

At the end of 2002, THE WAKEFIELDS INC PROFIT SHARING reported 408 plan participants.

What are THE WAKEFIELDS INC PROFIT SHARING's total assets?

At the end of 2002, THE WAKEFIELDS INC PROFIT SHARING reported total plan assets of $1,432,023.

When was THE WAKEFIELDS INC PROFIT SHARING established?

THE WAKEFIELDS INC PROFIT SHARING was established in 1972.

What are the investment options in THE WAKEFIELDS INC PROFIT SHARING?

MyPlanIQ tracks the investment lineup for THE WAKEFIELDS INC PROFIT SHARING on its investment options page: https://www.myplaniq.com/invest/planinvestments/the-wakefields-inc-profit-sharing/

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THE WAKEFIELDS INC PROFIT SHARING

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Contribution & Savings

THE WAKEFIELDS INC PROFIT SHARING Average Participant Retirement Account Value

In 2002, the average participant retirement account value for THE WAKEFIELDS INC PROFIT SHARING is $3,509.00

THE WAKEFIELDS INC PROFIT SHARING Estimated Average Employee Contribution Amount

In 2002, the estimated average employee contribution amount per participant for THE WAKEFIELDS INC PROFIT SHARING is $263.00. 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.
16,850.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 263.00 in THE WAKEFIELDS INC PROFIT SHARING, 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 WAKEFIELDS INC PROFIT SHARING

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