Select Page

EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN Contribution & Employer Match

EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN Contribution & Employer Match

EYE CENTER OF NORTHERN COLORADO, P.C. provides the following retirement savings benefits to its employees:

EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2021, the average participant retirement account value for EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN is $94,729.00

EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN is $3,019.00. 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.
193,255.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,019.00 in EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

 Pretax and roth employee contributionsEmployee and employer contributions combinedCatch-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.

Employer match in EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2021, EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN allocates $811,047.00 to match its employees' contributions, providing an employer match rate of 78.08% of their contributions

EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN is approximately $2,357.00
Investing in this additonal $2,357.00 for 20 years would give you extra $150,892.00, assuming a 10% annual return.

EYE CENTER OF NORTHERN COLORADO 401(K) PROFIT SHARING PLAN Contribution & Match Policy

1. Employee Contribution Rates: Participants may defer before-tax or after-tax (Roth) contributions up to a maximum of 100% of their total compensation each year.

2. Employer Match/Contribution Conditions: The Company will make non-elective safe harbor contributions of 3% of a participant's eligible compensation and may make discretionary matching contributions, up to a maximum percentage of 4% of a participant's eligible compensation.

3. Vesting Schedule/Eligibility: Participants are immediately vested in all elective deferral contributions and safe harbor non-elective employer contributions. For employer matching contributions, the vesting schedule is: less than 2 years - 0%, 2 years of service - 50%, 3 or more years of service - 100%. To be eligible for employer contributions, participants must have been active during the year of the contribution and have worked at least 1,000 hours during the eligibility period.

4. Roth 401(k) contribution: Allowed.

Recent Articles

Free newsletters

High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...

Puzzled on what to invest?

  • We ask a few questions to decide your personal return and risk expectations
  • We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a  brokerage account
  • We monitor and send timely rebalance emails on what investment funds to buy and sell

Get Started

Looking for ideas to generate income?

  • ETF or mutual fund income portfolios for 4-7% annual income
  • Dividend stock funds
  • Passive real estate investments
  • more ...

Click for tips and plans for income

Portfolio Calculator (Simulator)

Quickly enter fund allocation and get a back test result on the performance of this 'lazy' portfolio.

Customize Asset Allocation Portfolios

Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.

Retirement Calculator

See how much you can save for retirement.

Investment Calculator

Grow your wealth and see the power of compounding.


Looking for a (forgotten) 401(k)?

Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...