What is TUCKER PAVING, INC. 401(K) PLAN's employer match?

In 2022, TUCKER PAVING, INC. 401(K) PLAN reported $84,714 in employer contributions. That is about 38.0% of reported employee contributions.

How many participants are in TUCKER PAVING, INC. 401(K) PLAN?

At the end of 2022, TUCKER PAVING, INC. 401(K) PLAN reported 162 plan participants.

What are TUCKER PAVING, INC. 401(K) PLAN's total assets?

At the end of 2022, TUCKER PAVING, INC. 401(K) PLAN reported total plan assets of $2,813,349.

When was TUCKER PAVING, INC. 401(K) PLAN established?

TUCKER PAVING, INC. 401(K) PLAN was established in 2019.

What are the investment options in TUCKER PAVING, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for TUCKER PAVING, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/tucker-paving-inc-401k-plan/

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TUCKER PAVING, INC. 401(K) PLAN

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Contribution & Savings

TUCKER PAVING, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for TUCKER PAVING, INC. 401(K) PLAN is $17,366.00

TUCKER PAVING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for TUCKER PAVING, INC. 401(K) PLAN is $1,486.00. 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.
95,161.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,486.00 in TUCKER PAVING, INC. 401(K) 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 TUCKER PAVING, INC. 401(K) PLAN

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