How many participants are in VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN?

At the end of 2008, VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN reported 190 plan participants.

What are the investment options in VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/van-cleef-engineering-associates-401k-profit-sharing-plan-1/

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Q: What is VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN's employer match?

In 2008, VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN reported $770,000 in employer contributions. That is about 99.3% of reported employee contributions.

Q: When was VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN established?

VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN was established in 1970.

VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN

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Contribution & Savings

VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2008, the average participant retirement account value for VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN is $115,348.00

VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2008, the estimated average employee contribution amount per participant for VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN is $8,161.00. 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.
522,334.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,161.00 in VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING 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 VAN CLEEF ENGINEERING ASSOCIATES 401K PROFIT SHARING PLAN

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