How many participants are in PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST?

At the end of 2024, PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST reported 214 plan participants.

What are the investment options in PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST?

MyPlanIQ tracks the investment lineup for PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/peninsula-components-401k-profit-sharing-plan-and-trust/

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Q: What is PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST's employer match?

In 2024, PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST reported $305,725 in employer contributions. That is about 26.0% of reported employee contributions.

Q: When was PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST established?

PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST was established in 2000.

PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST

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Contribution & Savings

PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value

In 2024, the average participant retirement account value for PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST is $93,752.00

PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for PENINSULA COMPONENTS 401(K) PROFIT SHARING PLAN AND TRUST is $6,253.00. 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.
400,216.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,253.00 in PENINSULA COMPONENTS 401(K) 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.

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