What are the investment options in STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS?

MyPlanIQ tracks the investment lineup for STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS on its investment options page: https://www.myplaniq.com/invest/planinvestments/stroock-stroock-lavan-llp-profit-sharing-plan-and-trust-for-partners/

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Q: What is STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS's employer match?

In 2023, STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS reported $53,044 in employer contributions.

Q: How many participants are in STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS?

At the end of 2023, STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS reported 111 plan participants.

Q: What are STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS's total assets?

At the end of 2023, STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS reported total plan assets of $7,221,393.

STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS

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Contribution & Savings

STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS Average Participant Retirement Account Value

In 2023, the average participant retirement account value for STROOCK & STROOCK & LAVAN LLP PROFIT SHARING PLAN AND TRUST FOR PARTNERS is $65,057.00

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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