What is MERIDIAN 401(K)'s employer match?

In 2020, MERIDIAN 401(K) reported $22,270 in employer contributions. That is about 15.3% of reported employee contributions.

How many participants are in MERIDIAN 401(K)?

At the end of 2020, MERIDIAN 401(K) reported 137 plan participants.

What are MERIDIAN 401(K)'s total assets?

At the end of 2020, MERIDIAN 401(K) reported total plan assets of $5,496,836.

When was MERIDIAN 401(K) established?

MERIDIAN 401(K) was established in 1989.

What are the investment options in MERIDIAN 401(K)?

MyPlanIQ tracks the investment lineup for MERIDIAN 401(K) on its investment options page: https://www.myplaniq.com/invest/planinvestments/meridian-401k/

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MERIDIAN 401(K)

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Contribution & Savings

MERIDIAN 401(K) Average Participant Retirement Account Value

In 2020, the average participant retirement account value for MERIDIAN 401(K) is $40,122.00

MERIDIAN 401(K) Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for MERIDIAN 401(K) is $2,125.00. 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.
136,018.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,125.00 in MERIDIAN 401(K), 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 MERIDIAN 401(K)

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