What is NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST's employer match?

In 1999, NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST reported $50,120 in employer contributions. That is about 24.0% of reported employee contributions.

How many participants are in NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST?

At the end of 1999, NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST reported 132 plan participants.

What are NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST's total assets?

At the end of 1999, NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST reported total plan assets of $2,738,484.

What are the investment options in NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST?

MyPlanIQ tracks the investment lineup for NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/newman-machine-co-inc-employees-benefit-plan-trust/

plancontribution

Q: When was NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST established?

NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST was established in 1975.

NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST

Overview
Contribution & Match
Investments
Login
Rollover

Contribution & Savings

NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST Average Participant Retirement Account Value

In 1999, the average participant retirement account value for NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST is $20,746.00

NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST Estimated Average Employee Contribution Amount

In 1999, the estimated average employee contribution amount per participant for NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & TRUST is $3,170.00. 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.
202,891.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,170.00 in NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & 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 NEWMAN MACHINE CO., INC. EMPLOYEES BENEFIT PLAN & 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.