What is MITCHELL AUTO GROUP, INC. 401(K) PLAN's employer match?

In 2024, MITCHELL AUTO GROUP, INC. 401(K) PLAN reported $132,512 in employer contributions. That is about 15.0% of reported employee contributions.

How many participants are in MITCHELL AUTO GROUP, INC. 401(K) PLAN?

At the end of 2024, MITCHELL AUTO GROUP, INC. 401(K) PLAN reported 346 plan participants.

What are MITCHELL AUTO GROUP, INC. 401(K) PLAN's total assets?

At the end of 2024, MITCHELL AUTO GROUP, INC. 401(K) PLAN reported total plan assets of $15,264,364.

When was MITCHELL AUTO GROUP, INC. 401(K) PLAN established?

MITCHELL AUTO GROUP, INC. 401(K) PLAN was established in 1996.

What are the investment options in MITCHELL AUTO GROUP, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for MITCHELL AUTO GROUP, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/mitchell-auto-group-inc-401k-plan/

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MITCHELL AUTO GROUP, INC. 401(K) PLAN

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Contribution & Savings

MITCHELL AUTO GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for MITCHELL AUTO GROUP, INC. 401(K) PLAN is $44,116.00

MITCHELL AUTO GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for MITCHELL AUTO GROUP, INC. 401(K) PLAN is $2,528.00. 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.
161,834.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,528.00 in MITCHELL AUTO GROUP, 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.

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