What is VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST's employer match?

In 2000, VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST reported $143,124 in employer contributions. That is about 28.1% of reported employee contributions.

How many participants are in VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST?

At the end of 2000, VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST reported 227 plan participants.

What are VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST's total assets?

At the end of 2000, VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST reported total plan assets of $5,529,387.

What are the investment options in VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST?

MyPlanIQ tracks the investment lineup for VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/visiontek-inc-profit-sharing-401k-plan-and-trust/

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Q: When was VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST established?

VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST was established in 1989.

VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST

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Contribution & Savings

VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST Average Participant Retirement Account Value

In 2000, the average participant retirement account value for VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST is $24,358.00

VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2000, the estimated average employee contribution amount per participant for VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST is $4,480.00. 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.
286,732.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,480.00 in VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST, 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 VISIONTEK, INC. PROFIT SHARING / 401K PLAN AND TRUST

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