What is PROTERRA, INC 401(K)'s employer match?

In 2019, PROTERRA, INC 401(K) reported $1,671,604 in employer contributions. That is about 57.3% of reported employee contributions.

How many participants are in PROTERRA, INC 401(K)?

At the end of 2019, PROTERRA, INC 401(K) reported 551 plan participants.

What are PROTERRA, INC 401(K)'s total assets?

At the end of 2019, PROTERRA, INC 401(K) reported total plan assets of $17,720,199.

When was PROTERRA, INC 401(K) established?

PROTERRA, INC 401(K) was established in 2013.

What are the investment options in PROTERRA, INC 401(K)?

MyPlanIQ tracks the investment lineup for PROTERRA, INC 401(K) on its investment options page: https://www.myplaniq.com/invest/planinvestments/proterra-inc-401k/

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PROTERRA, INC 401(K)

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Contribution & Savings

PROTERRA, INC 401(K) Average Participant Retirement Account Value

In 2019, the average participant retirement account value for PROTERRA, INC 401(K) is $32,160.00

PROTERRA, INC 401(K) Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for PROTERRA, INC 401(K) is $10,580.00. 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.
677,144.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,580.00 in PROTERRA, 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 PROTERRA, INC 401(K)

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