How many participants are in W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN?

At the end of 2013, W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN reported 125 plan participants.

What are the investment options in W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN?

MyPlanIQ tracks the investment lineup for W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/we-imhoff-company-inc-dba-intertech-flooring-401k-ps-plan/

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Q: What is W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN's employer match?

In 2013, W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN reported $54,634 in employer contributions. That is about 32.1% of reported employee contributions.

W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN

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Contribution & Savings

W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN Average Participant Retirement Account Value

In 2013, the average participant retirement account value for W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN is $21,121.00

W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN Estimated Average Employee Contribution Amount

In 2013, the estimated average employee contribution amount per participant for W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS PLAN is $2,725.00. 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.
174,412.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,725.00 in W.E. IMHOFF & COMPANY, INC. DBA INTERTECH FLOORING 401(K) PS 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.

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