What is MFA EMPLOYEES THRIFT PLAN's employer match?

In 2019, MFA EMPLOYEES THRIFT PLAN reported $1,130,060 in employer contributions. That is about 18.5% of reported employee contributions.

How many participants are in MFA EMPLOYEES THRIFT PLAN?

At the end of 2019, MFA EMPLOYEES THRIFT PLAN reported 3,693 plan participants.

What are MFA EMPLOYEES THRIFT PLAN's total assets?

At the end of 2019, MFA EMPLOYEES THRIFT PLAN reported total plan assets of $116,945,604.

When was MFA EMPLOYEES THRIFT PLAN established?

MFA EMPLOYEES THRIFT PLAN was established in 1980.

What are the investment options in MFA EMPLOYEES THRIFT PLAN?

MyPlanIQ tracks the investment lineup for MFA EMPLOYEES THRIFT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/mfa-employees-thrift-plan/

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MFA EMPLOYEES THRIFT PLAN

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Contribution & Savings

MFA EMPLOYEES THRIFT PLAN Average Participant Retirement Account Value

In 2019, the average participant retirement account value for MFA EMPLOYEES THRIFT PLAN is $31,666.00

MFA EMPLOYEES THRIFT PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for MFA EMPLOYEES THRIFT PLAN is $3,316.00. 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.
212,264.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,316.00 in MFA EMPLOYEES THRIFT PLAN, 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 MFA EMPLOYEES THRIFT PLAN

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