SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Contribution & Employer Match

How SOUTH LAKE CLINIC, P.A. Supports Your Retirement Savings

SOUTH LAKE CLINIC, P.A. provides retirement savings benefits through SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN is $128,213.00

SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN is $7,655.00. 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.
489,940.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,655.00 in SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Total Employer Contribution and Match Rate

In 2024, SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN allocates $495,314.00 to match its employees’ contributions, providing an employer match rate of 44.47% of their contributions

SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN is approximately $3,076.00
Investing in this additonal $3,076.00 for 20 years would give you extra $196,895.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Contribution & Match Policy

SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Plan Policies

SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN Contribution, Match and Other Plan Policies

  • Each year, participants may contribute a percentage of pretax annual compensation, as defined in the plan document, up to the maximum limits of the Internal Revenue Code (IRC).
  • Participants also may designate all or a portion of their deferral contributions as after-tax contributions into a Roth account.
  • Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
  • Participants also may contribute amounts representing distributions from other qualified defined benefit or defined contribution plans (rollover).
  • Effective January 1, 2020, the Plan was amended to provide for safe harbor employer matching contributions equal to 100% of the first 3% of a participant’s salary deferrals plus 50% of a participant’s salary for deferrals between 3% and 5%.
  • A participant must complete one year of employment, a minimum of 1,000 hours of service, and attain age 21 in order to be eligible for safe harbor matching contributions.
  • Effective January 1, 2023, employees are eligible to receive safe harbor employer matching contributions on the first day of the month after their date of hire.
  • For the year ended December 31, 2024, there were no profit-sharing contributions to the Plan.
  • Participants are vested immediately in their contributions plus actual earnings thereon.
  • Vesting in the Company’s contribution portion of their accounts is based on years of continuous service.
  • A participant is 33% percent vested after 1 year years of credited service and continues to vest in increments of 33% percent until 100 percent vested after 3 year years of credited service.

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

Get Key Insights for This Plan

Join our community and get data-driven insights about SOUTH LAKE CLINIC, P. A. EMPLOYEES’ PROFIT SHARING PLUS PLAN. See how it compares to peer companies in fees, match generosity, and investment quality as soon as our new ranking reports go live.

Notify Me When Ratings Go Live

Explore More Plan Resources

Plan Login Directory Employer Match Guide Rollover Options Hub

Recent Articles

More Articles

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 …

Keep researching SOUTH LAKE CLINIC, P. A. EMPLOYEES' PROFIT SHARING PLUS PLAN

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.

Related Calculators

Related Plans