LOVE THY NEIGHBOR LLC Contribution & Employer Match

LOVE THY NEIGHBOR LLC Contribution & Employer Match

LOVE THY NEIGHBOR LLC provides the following retirement savings benefits to its employees:

LOVE THY NEIGHBOR LLC Average Participant Retirement Account Value

In 2022, the average participant retirement account value for LOVE THY NEIGHBOR LLC is $485.00

LOVE THY NEIGHBOR LLC Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for LOVE THY NEIGHBOR LLC is $229.00. 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.
14,663.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 229.00 in LOVE THY NEIGHBOR LLC, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

 Pretax and roth employee contributionsEmployee and employer contributions combinedCatch-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 LOVE THY NEIGHBOR LLC

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’.

LOVE THY NEIGHBOR LLC Total Employer Contribution and Match Rate

In 2022, LOVE THY NEIGHBOR LLC allocates $35,112.00 to match its employees' contributions, providing an employer match rate of 59.63% of their contributions

LOVE THY NEIGHBOR LLC Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in LOVE THY NEIGHBOR LLC is approximately $130.00
Investing in this additonal $130.00 for 20 years would give you extra $8,322.00, assuming a 10% annual return.

LOVE THY NEIGHBOR LLC Contribution & Match Policy


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