What is TIC SAVINGS PLUS RETIREMENT PLAN's employer match?

In 2002, TIC SAVINGS PLUS RETIREMENT PLAN reported $2,777,049 in employer contributions. That is about 30.1% of reported employee contributions.

How many participants are in TIC SAVINGS PLUS RETIREMENT PLAN?

At the end of 2002, TIC SAVINGS PLUS RETIREMENT PLAN reported 6,677 plan participants.

What are TIC SAVINGS PLUS RETIREMENT PLAN's total assets?

At the end of 2002, TIC SAVINGS PLUS RETIREMENT PLAN reported total plan assets of $49,897,849.

When was TIC SAVINGS PLUS RETIREMENT PLAN established?

TIC SAVINGS PLUS RETIREMENT PLAN was established in 1987.

What are the investment options in TIC SAVINGS PLUS RETIREMENT PLAN?

MyPlanIQ tracks the investment lineup for TIC SAVINGS PLUS RETIREMENT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/tic-savings-plus-retirement-plan/

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TIC SAVINGS PLUS RETIREMENT PLAN

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Contribution & Savings

TIC SAVINGS PLUS RETIREMENT PLAN Average Participant Retirement Account Value

In 2002, the average participant retirement account value for TIC SAVINGS PLUS RETIREMENT PLAN is $7,473.00

TIC SAVINGS PLUS RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2002, the estimated average employee contribution amount per participant for TIC SAVINGS PLUS RETIREMENT PLAN is $2,767.00. 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.
177,138.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,767.00 in TIC SAVINGS PLUS RETIREMENT 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 TIC SAVINGS PLUS RETIREMENT PLAN

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