What is TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R's employer match?

In 2007, TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R reported $94,354 in employer contributions. That is about 57.2% of reported employee contributions.

How many participants are in TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R?

At the end of 2007, TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R reported 229 plan participants.

What are TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R's total assets?

At the end of 2007, TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R reported total plan assets of $8,497,027.

What are the investment options in TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R?

MyPlanIQ tracks the investment lineup for TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R on its investment options page: https://www.myplaniq.com/invest/planinvestments/trompeter-electronics-inc-flexible-savings-and-r/

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Q: When was TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R established?

TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R was established in 1990.

TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R

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Contribution & Savings

TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R Average Participant Retirement Account Value

In 2007, the average participant retirement account value for TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R is $37,104.00

TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R Estimated Average Employee Contribution Amount

In 2007, the estimated average employee contribution amount per participant for TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R is $1,440.00. 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.
92,217.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,440.00 in TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R, 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 TROMPETER ELECTRONICS, INC. FLEXIBLE SAVINGS AND R

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