BOONE NEWSMEDIA RETIREMENT PLAN
Contribution & Savings
BOONE NEWSMEDIA RETIREMENT PLAN Average Participant Retirement Account Value
In 2024, the average participant retirement account value for BOONE NEWSMEDIA RETIREMENT PLAN is $17,318.00
BOONE NEWSMEDIA RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2024, the estimated average employee contribution amount per participant for BOONE NEWSMEDIA RETIREMENT PLAN is $1,982.00. 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.
126,902.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,982.00 in BOONE NEWSMEDIA RETIREMENT PLAN, assuming a 10%* annual return.
126,902.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,982.00 in BOONE NEWSMEDIA RETIREMENT 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 BOONE NEWSMEDIA RETIREMENT PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- BLISS COMMUNICATIONS, INC. PROFIT SHARING AND 401K SAVINGS PLAN (519 participants, $22,591,342)
- MURPHY MCGINNIS MEDIA SAVINGS & RETIREMENT PLAN (517 participants, $5,717,622)
- MORGAN MURPHY STATIONS AND AFFILIATED MEDIA COMPANIES SAVINGS AND PROFIT SHARING PLAN (514 participants, $28,817,861)
- EL DIA, INC. SAVINGS AND RETIREMENT PLAN (527 participants, $26,137,286)
- OCM 401(K)PLAN (529 participants, $5,457,525)