LIFE, INC. RETIREMENT PLAN AND TRUST
Contribution & Savings
LIFE, INC. RETIREMENT PLAN AND TRUST Average Participant Retirement Account Value
In 2024, the average participant retirement account value for LIFE, INC. RETIREMENT PLAN AND TRUST is $12,003.00
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 LIFE, INC. RETIREMENT PLAN AND TRUST
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
- DOVE HEALTHCARE OF EAU CLAIRE 401(K) PLAN (652 participants, $11,142,447)
- BEACON LIGHT BEHAVIORAL HEALTH SYSTEMS RETIREMENT PLAN (652 participants, $16,131,998)
- MASONIC HEALTH SYSTEM OF MASSACHUSETTS, INC. AND GRAND LODGE OF MASONS IN (651 participants, $19,759,493)
- 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF AMERICAN HEALTH MANAGEMENT, INC. (654 participants, $5,067,900)
- T.J. ROCK ENTERPRISES, INC. 401K PLAN (650 participants, $4,283,408)