What is IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN's employer match?

In 2023, IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN reported $1,142,494 in employer contributions. That is about 96.2% of reported employee contributions.

How many participants are in IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN?

At the end of 2023, IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN reported 226 plan participants.

What are the investment options in IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN?

MyPlanIQ tracks the investment lineup for IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/ideal-credit-union-capital-accumulation-plan/

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Q: When was IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN established?

IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN was established in 1982.

IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN

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Contribution & Savings

IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for IDEAL CREDIT UNION CAPITAL ACCUMULATION PLAN is $5,244.00. 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.
335,630.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,244.00 in IDEAL CREDIT UNION CAPITAL ACCUMULATION 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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