Your 401(k) total also includes an employer match of EMPLOYER_MATCH of your contributions, up to EMPLOYER_MAX of your annual salary. Your current 401(k) plan has your employer contributing EMPLOYER_ANNUAL per year. To receive your employer's maximum match of EMPLOYER_DOLLARS, you should contribute at least EMPLOYER_CALC_MAX of your annual salary to your 401(k). Without your employer's match, your ending 401(k) would be reduced to NOMATCH_AT_END_OF_INVESTMENT.
|Current 401(k) balance||STARTING_AMOUNT|
|Years to invest||YEARS|
|Annual rate of return||RATE_OF_RETURN|
|Expected annual salary increase||SALARY_INCREASE|
|Percent to contribute||CONTRIBUTE_PERCENT|
|Your 401(k) contribution*||CONTRIBUTE_ANNUAL per year|
|Your employer's 401(k) match|| EMPLOYER_ANNUAL per year|
This is a EMPLOYER_MATCH employer matchup to a maximum of EMPLOYER_MAX of your annual salary.
|Total you will contribute||TOTAL_AMOUNT_YOU_HAVE_PAID_IN|
|Total your employer will contribute||TOTAL_AMOUNT_EMPLOYER_PAID_IN|
|Total at age AGE_OF_RETIREMENT||TOTAL_AT_END_OF_INVESTMENT|
|Total without employer match||NOMATCH_AT_END_OF_INVESTMENT|
It is important to note that some employees are subject to another form of contribution limitations. Employees classified as "Highly Compensated" may be subject to contribution limits based on their employer's overall 401(k) participation. If you expect your salary to be $120,000 or more in 2016 or was $120,000 or more in 2015, you may need to contact your employer to see if these additional contribution limits apply to you.
It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that Separate Account investment funds and/or investment companies may charge.
For example, let's assume the employer matches 50% of the employee's contributions up to 6% of their salary. The employee earns $100,000 per year and contributes 10%. The results would be:
Please read the definition for "Employer maximum" for a detailed description of maximum employer matching contributions. It is also important to note employer contributions do not affect the maximum amount allowed to be contributed by an employee. Matching contributions can be subject to a vesting schedule. See your plan information for details.
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