How many participants are in VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST?

At the end of 2022, VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST reported 286 plan participants.

What are the investment options in VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST?

MyPlanIQ tracks the investment lineup for VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST on its investment options page: https://www.myplaniq.com/invest/planinvestments/videotronix-incorporated-profit-sharing-plan-and-trust/

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Q: What is VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST's employer match?

In 2022, VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST reported $199,852 in employer contributions. That is about 13.8% of reported employee contributions.

Q: When was VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST established?

VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST was established in 1984.

VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST

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Contribution & Savings

VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value

In 2022, the average participant retirement account value for VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST is $73,016.00

VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST is $5,106.00. 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.
326,791.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,106.00 in VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST, 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 VIDEOTRONIX INCORPORATED PROFIT SHARING PLAN AND TRUST

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