What are the investment options in SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING?

MyPlanIQ tracks the investment lineup for SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING on its investment options page: https://www.myplaniq.com/invest/planinvestments/smiths-industries-aerospace-and-defense-systems-inc-incentive-saving/

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Q: What is SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING's employer match?

In 2011, SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING reported $510,430 in employer contributions. That is about 107.3% of reported employee contributions.

Q: How many participants are in SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING?

At the end of 2011, SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING reported 492 plan participants.

Q: What are SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING's total assets?

At the end of 2011, SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING reported total plan assets of $10,452,402.

SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING

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Contribution & Savings

SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING Average Participant Retirement Account Value

In 2011, the average participant retirement account value for SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING is $21,244.00

SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING Estimated Average Employee Contribution Amount

In 2011, the estimated average employee contribution amount per participant for SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING is $1,934.00. 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.
123,817.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,934.00 in SMITHS INDUSTRIES AEROSPACE AND DEFENSE SYSTEMS, INC. INCENTIVE SAVING, 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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