What is SCRIP, INC EMPLOYEES' 401(K) PLAN's employer match?

In 2022, SCRIP, INC EMPLOYEES' 401(K) PLAN reported $185,686 in employer contributions. That is about 51.6% of reported employee contributions.

How many participants are in SCRIP, INC EMPLOYEES' 401(K) PLAN?

At the end of 2022, SCRIP, INC EMPLOYEES' 401(K) PLAN reported 132 plan participants.

What are SCRIP, INC EMPLOYEES' 401(K) PLAN's total assets?

At the end of 2022, SCRIP, INC EMPLOYEES' 401(K) PLAN reported total plan assets of $4,451,353.

When was SCRIP, INC EMPLOYEES' 401(K) PLAN established?

SCRIP, INC EMPLOYEES' 401(K) PLAN was established in 2007.

What are the investment options in SCRIP, INC EMPLOYEES' 401(K) PLAN?

MyPlanIQ tracks the investment lineup for SCRIP, INC EMPLOYEES' 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/scrip-inc-employees-401k-plan/

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SCRIP, INC EMPLOYEES’ 401(K) PLAN

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SCRIP, INC EMPLOYEES’ 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SCRIP, INC EMPLOYEES’ 401(K) PLAN is $33,722.00

SCRIP, INC EMPLOYEES’ 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SCRIP, INC EMPLOYEES’ 401(K) PLAN is $2,736.00. 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.
175,134.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,736.00 in SCRIP, INC EMPLOYEES’ 401(K) PLAN, 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 SCRIP, INC EMPLOYEES' 401(K) PLAN

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