What is AMERICAN OPTICAL/M&R IND THRIFT PLAN's employer match?

In 2021, AMERICAN OPTICAL/M&R IND THRIFT PLAN reported $120,289 in employer contributions. That is about 38.4% of reported employee contributions.

How many participants are in AMERICAN OPTICAL/M&R IND THRIFT PLAN?

At the end of 2021, AMERICAN OPTICAL/M&R IND THRIFT PLAN reported 112 plan participants.

What are AMERICAN OPTICAL/M&R IND THRIFT PLAN's total assets?

At the end of 2021, AMERICAN OPTICAL/M&R IND THRIFT PLAN reported total plan assets of $16,423,507.

What are the investment options in AMERICAN OPTICAL/M&R IND THRIFT PLAN?

MyPlanIQ tracks the investment lineup for AMERICAN OPTICAL/M&R IND THRIFT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/american-opticalmr-ind-thrift-plan/

plancontribution

AMERICAN OPTICAL/M&R IND THRIFT PLAN

Contribution & Savings

AMERICAN OPTICAL/M&R IND THRIFT PLAN Average Participant Retirement Account Value

In 2021, the average participant retirement account value for AMERICAN OPTICAL/M&R IND THRIFT PLAN is $146,638.00

AMERICAN OPTICAL/M&R IND THRIFT PLAN Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for AMERICAN OPTICAL/M&R IND THRIFT PLAN is $2,799.00. 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.
179,162.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,799.00 in AMERICAN OPTICAL/M&R IND THRIFT 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.

Keep researching AMERICAN OPTICAL/M&R IND THRIFT PLAN

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.

Money headlines from this plan

These filing-based headlines surface the numbers most likely to affect a participant decision. Verify current plan documents before acting.

Average plan assets per reported participant: $146,638
Based on the 2021 public filing. This is a plan-wide average, not a personal retirement target. Calculate a personal retirement target.
Employer contributions per reported participant: $1,074
Based on the 2021 public filing. This reported average can include match, profit sharing, or other employer contributions. Review the match and contribution details.
Employee contributions per reported participant: $2,799
Based on the 2021 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.
Reported administrative expenses as a share of assets: 0.52%
Based on the 2021 public filing. This plan-level administrative ratio does not replace current fund expense ratios or participant fee disclosures. Estimate the long-term impact of fees.