DAIWA CORPORATE ADVISORY 401(K) LLC PLAN Contribution & Employer Match
DAIWA CORPORATE ADVISORY 401(K) LLC PLAN Contribution & Employer Match
DAIWA CORPORATE ADVISORY LLC provides the following retirement savings benefits to its employees:
DAIWA CORPORATE ADVISORY 401(K) LLC PLAN Average Participant Retirement Account Value
DAIWA CORPORATE ADVISORY 401(K) LLC PLAN Estimated Average Employee Contribution Amount
568,162.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,877.00 in DAIWA CORPORATE ADVISORY 401(K) LLC 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 DAIWA CORPORATE ADVISORY 401(K) LLC 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’.
DAIWA CORPORATE ADVISORY 401(K) LLC PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may contribute up to 100% of eligible compensation, subject to a maximum of $20,500 in 2022.
2. Employer Match/Contribution Conditions: The Company may make matching contributions on a discretionary basis, with no matching contributions made for 2022.
3. Vesting Schedule/Eligibility:
4. - Matching Employer Contributions: Vesting is 0% after 0-2 years, and 100% after 2+ years.
5. Roth 401(k) Contribution: Yes, participants may designate a portion of their contributions as Roth deferral contributions.
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