What is MIDATLANTIC PROTEL, INC. 401(K) PLAN's employer match?

In 2018, MIDATLANTIC PROTEL, INC. 401(K) PLAN reported $107,962 in employer contributions. That is about 51.2% of reported employee contributions.

How many participants are in MIDATLANTIC PROTEL, INC. 401(K) PLAN?

At the end of 2018, MIDATLANTIC PROTEL, INC. 401(K) PLAN reported 123 plan participants.

What are MIDATLANTIC PROTEL, INC. 401(K) PLAN's total assets?

At the end of 2018, MIDATLANTIC PROTEL, INC. 401(K) PLAN reported total plan assets of $1,714,336.

When was MIDATLANTIC PROTEL, INC. 401(K) PLAN established?

MIDATLANTIC PROTEL, INC. 401(K) PLAN was established in 1999.

What are the investment options in MIDATLANTIC PROTEL, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for MIDATLANTIC PROTEL, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/midatlantic-protel-inc-401k-plan/

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MIDATLANTIC PROTEL, INC. 401(K) PLAN

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Contribution & Savings

MIDATLANTIC PROTEL, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2018, the average participant retirement account value for MIDATLANTIC PROTEL, INC. 401(K) PLAN is $13,937.00

MIDATLANTIC PROTEL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for MIDATLANTIC PROTEL, INC. 401(K) PLAN is $3,427.00. 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.
219,390.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,427.00 in MIDATLANTIC PROTEL, INC. 401(K) 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 MIDATLANTIC PROTEL, INC. 401(K) PLAN

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