What is TMD MACHINING 401(K) PLAN ONE's employer match?

In 2020, TMD MACHINING 401(K) PLAN ONE reported $135,224 in employer contributions. That is about 59.9% of reported employee contributions.

How many participants are in TMD MACHINING 401(K) PLAN ONE?

At the end of 2020, TMD MACHINING 401(K) PLAN ONE reported 153 plan participants.

What are TMD MACHINING 401(K) PLAN ONE's total assets?

At the end of 2020, TMD MACHINING 401(K) PLAN ONE reported total plan assets of $1,783,249.

When was TMD MACHINING 401(K) PLAN ONE established?

TMD MACHINING 401(K) PLAN ONE was established in 2014.

What are the investment options in TMD MACHINING 401(K) PLAN ONE?

MyPlanIQ tracks the investment lineup for TMD MACHINING 401(K) PLAN ONE on its investment options page: https://www.myplaniq.com/invest/planinvestments/tmd-machining-401k-plan-one/

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TMD MACHINING 401(K) PLAN ONE

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Contribution & Savings

TMD MACHINING 401(K) PLAN ONE Average Participant Retirement Account Value

In 2020, the average participant retirement account value for TMD MACHINING 401(K) PLAN ONE is $11,655.00

TMD MACHINING 401(K) PLAN ONE Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for TMD MACHINING 401(K) PLAN ONE is $2,949.00. 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.
188,779.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,949.00 in TMD MACHINING 401(K) PLAN ONE, 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.

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