What is SCIELE PHARMA, INC. 401(K) PLAN's employer match?

In 2008, SCIELE PHARMA, INC. 401(K) PLAN reported $1,856,929 in employer contributions. That is about 41.6% of reported employee contributions.

How many participants are in SCIELE PHARMA, INC. 401(K) PLAN?

At the end of 2008, SCIELE PHARMA, INC. 401(K) PLAN reported 817 plan participants.

What are SCIELE PHARMA, INC. 401(K) PLAN's total assets?

At the end of 2008, SCIELE PHARMA, INC. 401(K) PLAN reported total plan assets of $17,673,918.

When was SCIELE PHARMA, INC. 401(K) PLAN established?

SCIELE PHARMA, INC. 401(K) PLAN was established in 1996.

What are the investment options in SCIELE PHARMA, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for SCIELE PHARMA, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/sciele-pharma-inc-401k-plan/

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SCIELE PHARMA, INC. 401(K) PLAN

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Contribution & Savings

SCIELE PHARMA, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2008, the average participant retirement account value for SCIELE PHARMA, INC. 401(K) PLAN is $21,632.00

SCIELE PHARMA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2008, the estimated average employee contribution amount per participant for SCIELE PHARMA, INC. 401(K) PLAN is $10,938.00. 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.
700,053.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 10,938.00 in SCIELE PHARMA, 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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