What is KMC CONTROLS, INC. 401(K) PLAN AND TRUST's employer match?

In 2024, KMC CONTROLS, INC. 401(K) PLAN AND TRUST reported $343,820 in employer contributions. That is about 43.1% of reported employee contributions.

How many participants are in KMC CONTROLS, INC. 401(K) PLAN AND TRUST?

At the end of 2024, KMC CONTROLS, INC. 401(K) PLAN AND TRUST reported 171 plan participants.

What are KMC CONTROLS, INC. 401(K) PLAN AND TRUST's total assets?

At the end of 2024, KMC CONTROLS, INC. 401(K) PLAN AND TRUST reported total plan assets of $19,131,259.

When was KMC CONTROLS, INC. 401(K) PLAN AND TRUST established?

KMC CONTROLS, INC. 401(K) PLAN AND TRUST was established in 1989.

What are the investment options in KMC CONTROLS, INC. 401(K) PLAN AND TRUST?

MyPlanIQ tracks the investment lineup for KMC CONTROLS, INC. 401(K) PLAN AND TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/kmc-controls-inc-401k-plan-and-trust/

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KMC CONTROLS, INC. 401(K) PLAN AND TRUST

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Contribution & Savings

KMC CONTROLS, INC. 401(K) PLAN AND TRUST Average Participant Retirement Account Value

In 2024, the average participant retirement account value for KMC CONTROLS, INC. 401(K) PLAN AND TRUST is $111,878.00

KMC CONTROLS, INC. 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for KMC CONTROLS, INC. 401(K) PLAN AND TRUST is $4,715.00. 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.
301,805.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,715.00 in KMC CONTROLS, INC. 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 KMC CONTROLS, INC. 401(K) PLAN AND TRUST

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