BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES Contribution & Employer Match
BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES Contribution & Employer Match
BRAMBLES USA, INC provides the following retirement savings benefits to its employees:
BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES Average Participant Retirement Account Value
BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES Estimated Average Employee Contribution Amount
576,836.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,013.00 in BRAMBLES USA 401K PLAN FOR CHEP 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.
Employer match in BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES
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’.
BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES Total Employer Contribution and Match Rate
BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES Estimated Average Employer Match
Investing in this additonal $5,151.00 for 20 years would give you extra $329,725.00, assuming a 10% annual return.
BRAMBLES USA 401K PLAN FOR CHEP EMPLOYEES Contribution & Match Policy
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