What is UNIVERSAL MFG. CO. 401(K) PLAN's employer match?

In 2018, UNIVERSAL MFG. CO. 401(K) PLAN reported $137,354 in employer contributions. That is about 49.9% of reported employee contributions.

How many participants are in UNIVERSAL MFG. CO. 401(K) PLAN?

At the end of 2018, UNIVERSAL MFG. CO. 401(K) PLAN reported 290 plan participants.

What are UNIVERSAL MFG. CO. 401(K) PLAN's total assets?

At the end of 2018, UNIVERSAL MFG. CO. 401(K) PLAN reported total plan assets of $1,836,478.

When was UNIVERSAL MFG. CO. 401(K) PLAN established?

UNIVERSAL MFG. CO. 401(K) PLAN was established in 1996.

What are the investment options in UNIVERSAL MFG. CO. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for UNIVERSAL MFG. CO. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/universal-mfg-co-401k-plan/

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UNIVERSAL MFG. CO. 401(K) PLAN

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Contribution & Savings

UNIVERSAL MFG. CO. 401(K) PLAN Average Participant Retirement Account Value

In 2018, the average participant retirement account value for UNIVERSAL MFG. CO. 401(K) PLAN is $6,332.00

UNIVERSAL MFG. CO. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for UNIVERSAL MFG. CO. 401(K) PLAN is $1,899.00. 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.
121,595.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,899.00 in UNIVERSAL MFG. CO. 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 UNIVERSAL MFG. CO. 401(K) PLAN

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