What is BRONX CHARTER SCHOOL FOR BETTER LEARNING's employer match?

In 2023, BRONX CHARTER SCHOOL FOR BETTER LEARNING reported $275,310 in employer contributions. That is about 54.8% of reported employee contributions.

How many participants are in BRONX CHARTER SCHOOL FOR BETTER LEARNING?

At the end of 2023, BRONX CHARTER SCHOOL FOR BETTER LEARNING reported 225 plan participants.

What are BRONX CHARTER SCHOOL FOR BETTER LEARNING's total assets?

At the end of 2023, BRONX CHARTER SCHOOL FOR BETTER LEARNING reported total plan assets of $5,669,166.

When was BRONX CHARTER SCHOOL FOR BETTER LEARNING established?

BRONX CHARTER SCHOOL FOR BETTER LEARNING was established in 2008.

What are the investment options in BRONX CHARTER SCHOOL FOR BETTER LEARNING?

MyPlanIQ tracks the investment lineup for BRONX CHARTER SCHOOL FOR BETTER LEARNING on its investment options page: https://www.myplaniq.com/invest/planinvestments/bronx-charter-school-for-better-learning/

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BRONX CHARTER SCHOOL FOR BETTER LEARNING

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Contribution & Savings

BRONX CHARTER SCHOOL FOR BETTER LEARNING Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BRONX CHARTER SCHOOL FOR BETTER LEARNING is $25,196.00

BRONX CHARTER SCHOOL FOR BETTER LEARNING Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BRONX CHARTER SCHOOL FOR BETTER LEARNING is $4,468.00. 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.
285,984.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,468.00 in BRONX CHARTER SCHOOL FOR BETTER LEARNING, assuming a 10%* annual return.

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.

Keep researching BRONX CHARTER SCHOOL FOR BETTER LEARNING

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