What is DEMOCRACY PREP PUBLIC SCHOOLS, INC.'s employer match?

In 2016, DEMOCRACY PREP PUBLIC SCHOOLS, INC. reported $1,343,264 in employer contributions. That is about 67.1% of reported employee contributions.

How many participants are in DEMOCRACY PREP PUBLIC SCHOOLS, INC.?

At the end of 2016, DEMOCRACY PREP PUBLIC SCHOOLS, INC. reported 581 plan participants.

What are DEMOCRACY PREP PUBLIC SCHOOLS, INC.'s total assets?

At the end of 2016, DEMOCRACY PREP PUBLIC SCHOOLS, INC. reported total plan assets of $10,511,345.

When was DEMOCRACY PREP PUBLIC SCHOOLS, INC. established?

DEMOCRACY PREP PUBLIC SCHOOLS, INC. was established in 2008.

What are the investment options in DEMOCRACY PREP PUBLIC SCHOOLS, INC.?

MyPlanIQ tracks the investment lineup for DEMOCRACY PREP PUBLIC SCHOOLS, INC. on its investment options page: https://www.myplaniq.com/invest/planinvestments/democracy-prep-public-schools-inc/

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DEMOCRACY PREP PUBLIC SCHOOLS, INC.

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Contribution & Savings

DEMOCRACY PREP PUBLIC SCHOOLS, INC. Average Participant Retirement Account Value

In 2016, the average participant retirement account value for DEMOCRACY PREP PUBLIC SCHOOLS, INC. is $18,091.00

DEMOCRACY PREP PUBLIC SCHOOLS, INC. Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for DEMOCRACY PREP PUBLIC SCHOOLS, INC. is $6,892.00. 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.
441,111.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,892.00 in DEMOCRACY PREP PUBLIC SCHOOLS, INC., 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 DEMOCRACY PREP PUBLIC SCHOOLS, INC.

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