What is PARAM HEALTHCARE & IT SERVICES, INC. 401(K)'s employer match?

In 2022, PARAM HEALTHCARE & IT SERVICES, INC. 401(K) reported $24,443 in employer contributions. That is about 21.8% of reported employee contributions.

How many participants are in PARAM HEALTHCARE & IT SERVICES, INC. 401(K)?

At the end of 2022, PARAM HEALTHCARE & IT SERVICES, INC. 401(K) reported 156 plan participants.

What are PARAM HEALTHCARE & IT SERVICES, INC. 401(K)'s total assets?

At the end of 2022, PARAM HEALTHCARE & IT SERVICES, INC. 401(K) reported total plan assets of $138,122.

When was PARAM HEALTHCARE & IT SERVICES, INC. 401(K) established?

PARAM HEALTHCARE & IT SERVICES, INC. 401(K) was established in 2022.

What are the investment options in PARAM HEALTHCARE & IT SERVICES, INC. 401(K)?

MyPlanIQ tracks the investment lineup for PARAM HEALTHCARE & IT SERVICES, INC. 401(K) on its investment options page: https://www.myplaniq.com/invest/planinvestments/param-healthcare-it-services-inc-401k/

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PARAM HEALTHCARE & IT SERVICES, INC. 401(K)

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Contribution & Savings

PARAM HEALTHCARE & IT SERVICES, INC. 401(K) Average Participant Retirement Account Value

In 2022, the average participant retirement account value for PARAM HEALTHCARE & IT SERVICES, INC. 401(K) is $885.00

PARAM HEALTHCARE & IT SERVICES, INC. 401(K) Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for PARAM HEALTHCARE & IT SERVICES, INC. 401(K) is $1,437.00. 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.
91,985.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,437.00 in PARAM HEALTHCARE & IT SERVICES, INC. 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 PARAM HEALTHCARE & IT SERVICES, INC. 401(K)

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