What is GASSEN COMPANY 401(K) PLAN AND TRUST's employer match?

In 2022, GASSEN COMPANY 401(K) PLAN AND TRUST reported $76,969 in employer contributions. That is about 47.4% of reported employee contributions.

How many participants are in GASSEN COMPANY 401(K) PLAN AND TRUST?

At the end of 2022, GASSEN COMPANY 401(K) PLAN AND TRUST reported 145 plan participants.

What are GASSEN COMPANY 401(K) PLAN AND TRUST's total assets?

At the end of 2022, GASSEN COMPANY 401(K) PLAN AND TRUST reported total plan assets of $1,265,427.

When was GASSEN COMPANY 401(K) PLAN AND TRUST established?

GASSEN COMPANY 401(K) PLAN AND TRUST was established in 2006.

What are the investment options in GASSEN COMPANY 401(K) PLAN AND TRUST?

MyPlanIQ tracks the investment lineup for GASSEN COMPANY 401(K) PLAN AND TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/gassen-company-401k-plan-and-trust/

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GASSEN COMPANY 401(K) PLAN AND TRUST

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Contribution & Savings

GASSEN COMPANY 401(K) PLAN AND TRUST Average Participant Retirement Account Value

In 2022, the average participant retirement account value for GASSEN COMPANY 401(K) PLAN AND TRUST is $8,727.00

GASSEN COMPANY 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for GASSEN COMPANY 401(K) PLAN AND TRUST is $705.00. 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.
45,150.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 705.00 in GASSEN COMPANY 401(K) 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 GASSEN COMPANY 401(K) PLAN AND TRUST

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