What is VENABLE LLP 401(K) PLAN A's employer match?

In 2023, VENABLE LLP 401(K) PLAN A reported $19,762,552 in employer contributions. That is about 129.9% of reported employee contributions.

How many participants are in VENABLE LLP 401(K) PLAN A?

At the end of 2023, VENABLE LLP 401(K) PLAN A reported 1,405 plan participants.

What are VENABLE LLP 401(K) PLAN A's total assets?

At the end of 2023, VENABLE LLP 401(K) PLAN A reported total plan assets of $629,172,862.

When was VENABLE LLP 401(K) PLAN A established?

VENABLE LLP 401(K) PLAN A was established in 1991.

What are the investment options in VENABLE LLP 401(K) PLAN A?

MyPlanIQ tracks the investment lineup for VENABLE LLP 401(K) PLAN A on its investment options page: https://www.myplaniq.com/invest/planinvestments/venable-llp-401k-plan-a/

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VENABLE LLP 401(K) PLAN A

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Contribution & Savings

VENABLE LLP 401(K) PLAN A Average Participant Retirement Account Value

In 2023, the average participant retirement account value for VENABLE LLP 401(K) PLAN A is $447,809.00

VENABLE LLP 401(K) PLAN A Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for VENABLE LLP 401(K) PLAN A is $12,072.00. 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.
772,646.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 12,072.00 in VENABLE LLP 401(K) PLAN A, 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 VENABLE LLP 401(K) PLAN A

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