ANAPLAN, INC. 401K PLAN Contribution & Employer Match
ANAPLAN, INC. 401K PLAN Contribution & Employer Match
ANAPLAN, INC. provides the following retirement savings benefits to its employees:
ANAPLAN, INC. 401K PLAN Average Participant Retirement Account Value
ANAPLAN, INC. 401K PLAN Estimated Average Employee Contribution Amount
821,576.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 12,837.00 in ANAPLAN, INC. 401K 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.
Employer match in ANAPLAN, INC. 401K PLAN
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
ANAPLAN, INC. 401K PLAN Total Employer Contribution and Match Rate
ANAPLAN, INC. 401K PLAN Estimated Average Employer Match
Investing in this additonal $3,938.00 for 20 years would give you extra $252,087.00, assuming a 10% annual return.
ANAPLAN, INC. 401K PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may elect to contribute up to the amount allowable under the plan document and current income tax regulations.
2. Employer Match/Contribution Conditions: The employer matches 50 cents of each dollar the participant contributes up to 3% of the annual eligible compensation. A participant must be employed by the Company on the last day of the Plan year to be eligible for the matching contribution.
3. Vesting Schedule/Eligibility: Participants are immediately vested in their contributions. They are fully vested in the discretionary employer contributions after two years of credited service. Eligibility requires employees to be at least 21 years old and to participate immediately upon hire.
4. Roth 401(k) Contribution: Yes, the plan allows Roth contributions effective August 22, 2022.
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