THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS Contribution & Employer Match
THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS Contribution & Employer Match
PREMIER HEALTH PARTNERS provides the following retirement savings benefits to its employees:
THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS Average Participant Retirement Account Value
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.
Employer match in THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS
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’.
THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS Estimated Average Employer Match
Investing in this additonal $603.00 for 20 years would give you extra $38,653.00, assuming a 10% annual return.
THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS Contribution & Match Policy
1. Employee Contribution Rates: Employees can contribute up to 6 percent of their salary to the plan.
2. Employer Match/Contribution Conditions: The employer matches 25 percent of the employees’ pre-tax contributions up to 6 percent of compensation. For eligible employees of CompuNet Clinical Laboratories, the employer matches 50 percent of deferrals up to 6 percent of compensation and provides non-elective contributions of 1 percent of eligible compensation.
3. Vesting Schedule/Eligibility: Participants are immediately 100 percent vested in their salary and rollover contributions. Vesting in the company’s contributions occurs after three years of service. Employees must have one year of service and meet a 1,000-hour requirement to be eligible for contributions.
Recent Articles
- Cadence Design Systems Inc. 401(k): A Plan with Low-Cost Target Date and Index Funds
- Warren Buffett's Phenomenal Run: The Oracle May Retire, But His Legacy Endures
- May 2025 MyPlanIQ Portfolio Update
- One Fund Does It All
- Target Date Funds for Young Professionals
- Top 10 Target Date Fund Providers for Retirement Investing
- The One-Fund 401(k) Portfolio: Simple Yet Does Its Job
- Roth IRAs for Retirees
- Lazy Portfolios Aren't Lazy in Growing Wealth
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
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 ...
Portfolio Calculator (Simulator)
Customize Asset Allocation Portfolios
Retirement Calculator
Investment Calculator
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 ...