What is FORTIS 401K PLAN B's employer match?

In 2003, FORTIS 401K PLAN B reported $18,096,256 in employer contributions. That is about 73.9% of reported employee contributions.

How many participants are in FORTIS 401K PLAN B?

At the end of 2003, FORTIS 401K PLAN B reported 5,081 plan participants.

What are FORTIS 401K PLAN B's total assets?

At the end of 2003, FORTIS 401K PLAN B reported total plan assets of $481,162,653.

When was FORTIS 401K PLAN B established?

FORTIS 401K PLAN B was established in 1984.

What are the investment options in FORTIS 401K PLAN B?

MyPlanIQ tracks the investment lineup for FORTIS 401K PLAN B on its investment options page: https://www.myplaniq.com/invest/planinvestments/fortis-401k-plan-b/

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FORTIS 401K PLAN B

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Contribution & Savings

FORTIS 401K PLAN B Average Participant Retirement Account Value

In 2003, the average participant retirement account value for FORTIS 401K PLAN B is $94,698.00

FORTIS 401K PLAN B Estimated Average Employee Contribution Amount

In 2003, the estimated average employee contribution amount per participant for FORTIS 401K PLAN B is $9,636.00. 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.
616,708.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,636.00 in FORTIS 401K PLAN B, 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 FORTIS 401K PLAN B

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