I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B
Contribution & Savings
I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B Average Participant Retirement Account Value
In 2024, the average participant retirement account value for I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B is $64,183.00
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 I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B
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
- SWINERTON 401(K) & SAVINGS PLAN (7,296 participants, $831,509,680)
- MCCARTHY EMPLOYEE RETIREMENT SAVINGS PLAN (7,046 participants, $701,052,205)
- AUSTIN ADVANTAGE 401(K) PLAN (8,380 participants, $350,887,950)
- CONNECTICUT CARPENTERS ANNUITY FUND (8,392 participants, $382,643,624)
- PRIMORIS SERVICES CORPORATION 401(K) PROFIT SHARING PLAN (5,819 participants, $218,184,885)
