NECA-IBEW 177 PENSION FUND
Contribution & Savings
NECA-IBEW 177 PENSION FUND Average Participant Retirement Account Value
In 2024, the average participant retirement account value for NECA-IBEW 177 PENSION FUND is $91,623.00
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 NECA-IBEW 177 PENSION FUND
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
- LOCAL UNION NO 306 IBEW PENSION ANNUITY PLAN (1,405 participants, $263,263,297)
- WESTERN WISCONSIN ELECTRICAL WORKERS RETIREMENT PLAN (1,404 participants, $337,440,166)
- IBEW NECA CONDUIT 401K PLAN (1,398 participants, $41,260,786)
- ENCORE ELECTRIC, INC. 401(K) PLAN (1,430 participants, $92,137,484)
- RESTATED LOCAL 347 IBEW DEFINED CONTRIBUTION RETIREMENT INCOME PLAN (1,435 participants, $71,036,607)