What is LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST's employer match?

In 2024, LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST reported $278,521 in employer contributions. That is about 11.0% of reported employee contributions.

How many participants are in LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST?

At the end of 2024, LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST reported 340 plan participants.

What are LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST's total assets?

At the end of 2024, LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST reported total plan assets of $20,653,449.

What are the investment options in LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST?

MyPlanIQ tracks the investment lineup for LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/logic-2020-401k-profit-sharing-plan-and-trust/

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Q: When was LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST established?

LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST was established in 2009.

LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST

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Contribution & Savings

LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value

In 2024, the average participant retirement account value for LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST is $60,745.00

LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST is $7,409.00. 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.
474,204.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,409.00 in LOGIC 20/20 401K PROFIT SHARING 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 LOGIC 20/20 401K PROFIT SHARING PLAN AND TRUST

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