UNITED FIRE PROTECTION, INC.
Contribution & Savings
UNITED FIRE PROTECTION, INC. Average Participant Retirement Account Value
In 2020, the average participant retirement account value for UNITED FIRE PROTECTION, INC. is $34,264.00
UNITED FIRE PROTECTION, INC. Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for UNITED FIRE PROTECTION, INC. is $6,593.00. 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.
421,994.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,593.00 in UNITED FIRE PROTECTION, INC., assuming a 10%* annual return.
421,994.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,593.00 in UNITED FIRE PROTECTION, INC., 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 UNITED FIRE PROTECTION, INC.
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- LURRE CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (144 participants, $4,720,000)
- HI-LITE AIRFIELD SERVICES LLC 401(K) SAVINGS PLAN (144 participants, $3,451,477)
- LAYDON INDUSTRIES, LLC 401(K) PLAN – 002 (144 participants, $3,390,113)
- CALIFORNIA SKATEPARKS RETIREMENT SAVINGS PLAN (144 participants, $2,859,935)
- BBLBC, LLC 401(K) PROFIT SHARING PLAN (143 participants, $5,022,753)