What is ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN's employer match?

In 2023, ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN reported $428,287 in employer contributions. That is about 44.9% of reported employee contributions.

How many participants are in ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN?

At the end of 2023, ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN reported 174 plan participants.

What are the investment options in ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN?

MyPlanIQ tracks the investment lineup for ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/environmental-systems-corporation-401k-plan/

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Q: When was ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN established?

ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN was established in 1996.

ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN

Contribution & Savings

ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ENVIRONMENTAL SYSTEMS CORPORATION 401K PLAN is $5,455.00. 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.
349,170.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,455.00 in ENVIRONMENTAL SYSTEMS CORPORATION 401K 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 ENVIRONMENTAL SYSTEMS CORPORATION 401K 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.

Employer contributions per reported participant: $2,461
Based on the 2023 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: $5,487
Based on the 2023 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.