What is KENNETH R LYNN MD's employer match?

In 2000, KENNETH R LYNN MD reported $30,000 in employer contributions. That is about 435.0% of reported employee contributions.

How many participants are in KENNETH R LYNN MD?

At the end of 2000, KENNETH R LYNN MD reported 2 plan participants.

What are KENNETH R LYNN MD's total assets?

At the end of 2000, KENNETH R LYNN MD reported total plan assets of $360,008.

When was KENNETH R LYNN MD established?

KENNETH R LYNN MD was established in 1994.

What are the investment options in KENNETH R LYNN MD?

MyPlanIQ tracks the investment lineup for KENNETH R LYNN MD on its investment options page: https://www.myplaniq.com/invest/planinvestments/kenneth-r-lynn-md/

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KENNETH R LYNN MD

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Contribution & Savings

KENNETH R LYNN MD Average Participant Retirement Account Value

In 2000, the average participant retirement account value for KENNETH R LYNN MD is $180,004.00

KENNETH R LYNN MD Estimated Average Employee Contribution Amount

In 2000, the estimated average employee contribution amount per participant for KENNETH R LYNN MD is $6,897.00. 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.
441,408.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,897.00 in KENNETH R LYNN MD, 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 KENNETH R LYNN MD

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