OXFORD STAFF 401(K) RETIREMENT SAVINGS PLAN Contribution & Employer Match
OXFORD STAFF 401(K) RETIREMENT SAVINGS PLAN Contribution & Employer Match
OXFORD GLOBAL RESOURCES, LLC provides the following retirement savings benefits to its employees:
OXFORD STAFF 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
OXFORD STAFF 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
538,992.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,421.00 in OXFORD STAFF 401(K) RETIREMENT SAVINGS 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 OXFORD STAFF 401(K) RETIREMENT SAVINGS 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’.
OXFORD STAFF 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
OXFORD STAFF 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $3,451.00 for 20 years would give you extra $220,913.00, assuming a 10% annual return.
OXFORD STAFF 401(K) RETIREMENT SAVINGS PLAN Contribution & Match Policy
1. Employee Contribution Rates: Employees may contribute up to 75 percent of eligible annual compensation, with highly compensated employees being able to contribute up to 19 percent.
2. Employer Match/Contribution Conditions: The employer matches each participant’s deferral at the rate of 50 percent of the first four percent of the participant’s deferral, and participants must complete 1,000 hours of service during the Plan year to be eligible for the matching contribution.
3. Roth 401(k) Contribution: Participants may elect to designate their deferrals as either pre-tax, after-tax Roth deferrals, or after-tax contributions.
Recent Articles
- Roth IRAs for Retirees
- Lazy Portfolios Aren't Lazy in Growing Wealth
- Lazy Portfolios in Different Market Conditions
- Tax-Efficient Lazy Portfolios
- Lazy Portfolios for Retirement Investing
- How to Implement a Lazy Portfolio
- What Are Lazy Portfolios?
- IRAs as One of the Emergency Fund Sources
- How to Borrow From an IRA?
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more ...
Portfolio Calculator (Simulator)
Customize Asset Allocation Portfolios
Retirement Calculator
Investment Calculator
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...