How many participants are in MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING?

At the end of 2022, MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING reported 149 plan participants.

What are the investment options in MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING?

MyPlanIQ tracks the investment lineup for MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING on its investment options page: https://www.myplaniq.com/invest/planinvestments/mahoning-valley-convalescent-home-inc-401k-profit-sharing/

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Q: What is MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING's employer match?

In 2022, MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING reported $23,921 in employer contributions. That is about 15.6% of reported employee contributions.

MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING

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Contribution & Savings

MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING Average Participant Retirement Account Value

In 2022, the average participant retirement account value for MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING is $17,463.00

MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING is $960.00. 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.
61,444.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 960.00 in MAHONING VALLEY CONVALESCENT HOME, INC. 401(K) PROFIT SHARING, 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.

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