How many participants are in CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN?

At the end of 2024, CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN reported 511 plan participants.

What are CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN's total assets?

At the end of 2024, CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN reported total plan assets of $4,305,788.

What are the investment options in CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN?

MyPlanIQ tracks the investment lineup for CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/contractors-wardrobe-inc-401k-profit-sharing-plan/

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Q: When was CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN established?

CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN was established in 1998.

CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN

Contribution & Savings

CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN is $8,426.00

CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN is $598.00. 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.
38,280.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 598.00 in CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING 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 CONTRACTORS WARDROBE, INC. 401(K) PROFIT SHARING PLAN

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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: $8,426
Based on the 2024 public filing. This is a plan-wide average, not a personal retirement target. Calculate a personal retirement target.
Employee contributions per reported participant: $667
Based on the 2024 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.
Reported administrative expenses as a share of assets: 0.86%
Based on the 2024 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.