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CONTRIBUTION CALCULATOR – YOU BE THE ACTUARY

Find your salary and age in the table below:

SALARY 100,000 150,000 200,000+
AGE
30 43,500 65,000 87,000
35 40,500 76,000 101,000
40 67,500 101,000 135,000
45 96,000 130,000 165,000
50 114,000 171,000 228,000
55 155,000 233,000 310,500
60 169,000 271,000 338,000
65 143,000 215,000 286,500
70 113,500 170,000 227,000

The number in the table where they meet is your approximate maximum allowable Defined Benefit contribution for each year, using the First Capital Benefit Advisors, Inc. Resources and customized plan design.

In addition, if you set up a 401k, you would have additional contributions of $17,500 employee deferral ($23,000 if age 50 or over), plus 6% of Salary (maximum $15,600). For example, someone age 51 with a Salary of $260,000 will be entitled to a 401k contribution of $23,000 employee deferral plus $15,600 employer, for a total of $38,600. If the DB plan is covered by the PBGC, this 401k contribution could be even larger.

Have a question? Speak directly to one of our actuaries.

Contact us via e-mail, via our website contact form, or just give us a call at 855-244-8466 – P.O. Box 3009, Westlake Village, CA 91359. We will get back to you as soon as possible.