TEAMSTERS LOCAL 25 INVESTMENT PLAN
Contribution & Savings
TEAMSTERS LOCAL 25 INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TEAMSTERS LOCAL 25 INVESTMENT PLAN is $55,768.00
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.
Keep researching TEAMSTERS LOCAL 25 INVESTMENT PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- EXPORT PACKAGING CO., INC. RETIREMENT SAVINGS PLAN (1,023 participants, $36,048,684)
- ACERTUS 401(K) PLAN (991 participants, $18,050,281)
- EWW SAVINGS PLAN (1,076 participants, $30,756,326)
- THE WAUKESHA-PEARCE INDUSTRIES, INC. AND SUBSIDIARY 401(K) RETIREMENT AND SAVINGS PLAN (1,080 participants, $25,315,096)
- UN1F1ED2 GLOBAL PACKAGING GROUP 401(K) PROFIT SHARING PLAN AND TRUST (933 participants, $38,682,347)