How many participants are in THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES?

At the end of 2010, THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES reported 10,072 plan participants.

What are the investment options in THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES?

MyPlanIQ tracks the investment lineup for THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES on its investment options page: https://www.myplaniq.com/invest/planinvestments/the-shaw-group-inc-401k-plan-for-certain-hourly-employees/

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Q: What is THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES's employer match?

In 2010, THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES reported $1,555,671 in employer contributions. That is about 43.4% of reported employee contributions.

THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES

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THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES Estimated Average Employee Contribution Amount

In 2010, the estimated average employee contribution amount per participant for THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES is $712.00. 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.
45,603.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 712.00 in THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES, 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 THE SHAW GROUP INC. 401(K) PLAN FOR CERTAIN HOURLY EMPLOYEES

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