What is TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP)'s employer match?

In 2024, TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) reported $175,739,531 in employer contributions. That is about 85.9% of reported employee contributions.

How many participants are in TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP)?

At the end of 2024, TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) reported 26,064 plan participants.

What are TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP)'s total assets?

At the end of 2024, TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) reported total plan assets of $7,513,116,036.

What are the investment options in TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP)?

MyPlanIQ tracks the investment lineup for TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) on its investment options page: https://www.myplaniq.com/invest/planinvestments/trane-technologies-employee-savings-plan-esp/

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Q: When was TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) established?

TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) was established in 2003.

TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP)

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Contribution & Savings

TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) Average Participant Retirement Account Value

In 2024, the average participant retirement account value for TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) is $288,256.00

TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) is $8,609.00. 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.
550,996.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,609.00 in TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP), 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 TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP)

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