TEALIUM INC. 401(K) PLAN Contribution & Employer Match
TEALIUM INC. 401(K) PLAN Contribution & Employer Match
TEALIUM INC. provides the following retirement savings benefits to its employees:
TEALIUM INC. 401(K) PLAN Average Participant Retirement Account Value
TEALIUM INC. 401(K) PLAN Estimated Average Employee Contribution Amount
698,225.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,909.00 in TEALIUM INC. 401(K) 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 TEALIUM INC. 401(K) 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’.
TEALIUM INC. 401(K) PLAN Total Employer Contribution and Match Rate
TEALIUM INC. 401(K) PLAN Estimated Average Employer Match
Investing in this additonal $3,845.00 for 20 years would give you extra $246,120.00, assuming a 10% annual return.
TEALIUM INC. 401(K) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Participants may contribute up to 100% of their eligible compensation.
2. Employer Match/Contribution Conditions: The Company matches 1% of the participant pre-tax and after-tax contributions, up to 100% of base compensation and then up to 50% of the next 5% of eligible compensation deferred.
3. Roth 401(k) contributions are allowed as participants may contribute up to 100% of after-tax compensation.
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