What is OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND's employer match?

In 2023, OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND reported $2,028,605 in employer contributions.

How many participants are in OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND?

At the end of 2023, OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND reported 1,096 plan participants.

What are OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND's total assets?

At the end of 2023, OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND reported total plan assets of $49,050,465.

When was OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND established?

OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND was established in 1982.

What are the investment options in OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND?

MyPlanIQ tracks the investment lineup for OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND on its investment options page: https://www.myplaniq.com/invest/planinvestments/operative-plasterers-local-no-7-pension-fund/

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OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND

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Contribution & Savings

OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND Average Participant Retirement Account Value

In 2023, the average participant retirement account value for OPERATIVE PLASTERERS LOCAL NO. 7 PENSION FUND is $44,754.00

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.

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