What is TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN's employer match?

In 2022, TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN reported $151,429 in employer contributions. That is about 19.3% of reported employee contributions.

How many participants are in TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN?

At the end of 2022, TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN reported 239 plan participants.

What are TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN's total assets?

At the end of 2022, TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN reported total plan assets of $6,486,969.

What are the investment options in TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN?

MyPlanIQ tracks the investment lineup for TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/timber-creek-resource-llc-401k-savings-plan-1/

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Q: When was TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN established?

TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN was established in 1983.

TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN

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Contribution & Savings

TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN is $27,142.00

TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS PLAN is $6,573.00. 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.
420,681.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,573.00 in TIMBER CREEK RESOURCE, LLC 401(K) SAVINGS 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.

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