What is HELPING HANDS CENTER FOR SPECI's employer match?

In 2016, HELPING HANDS CENTER FOR SPECI reported $63,892 in employer contributions. That is about 39.6% of reported employee contributions.

How many participants are in HELPING HANDS CENTER FOR SPECI?

At the end of 2016, HELPING HANDS CENTER FOR SPECI reported 145 plan participants.

What are HELPING HANDS CENTER FOR SPECI's total assets?

At the end of 2016, HELPING HANDS CENTER FOR SPECI reported total plan assets of $996,581.

When was HELPING HANDS CENTER FOR SPECI established?

HELPING HANDS CENTER FOR SPECI was established in 2007.

What are the investment options in HELPING HANDS CENTER FOR SPECI?

MyPlanIQ tracks the investment lineup for HELPING HANDS CENTER FOR SPECI on its investment options page: https://www.myplaniq.com/invest/planinvestments/helping-hands-center-for-speci/

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HELPING HANDS CENTER FOR SPECI

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Contribution & Savings

HELPING HANDS CENTER FOR SPECI Average Participant Retirement Account Value

In 2016, the average participant retirement account value for HELPING HANDS CENTER FOR SPECI is $6,872.00

HELPING HANDS CENTER FOR SPECI Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for HELPING HANDS CENTER FOR SPECI is $2,222.00. 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.
142,260.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,222.00 in HELPING HANDS CENTER FOR SPECI, 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 HELPING HANDS CENTER FOR SPECI

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