What is SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN's employer match?

In 2022, SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN reported $122,609 in employer contributions. That is about 127.1% of reported employee contributions.

How many participants are in SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN?

At the end of 2022, SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN reported 147 plan participants.

What are SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN's total assets?

At the end of 2022, SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN reported total plan assets of $1,718,203.

What are the investment options in SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN?

MyPlanIQ tracks the investment lineup for SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/soledad-enrichment-action-retirement-plan/

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Q: When was SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN established?

SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN was established in 1996.

SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN

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Contribution & Savings

SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN is $11,688.00

SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN is $612.00. 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.
39,201.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 612.00 in SOLEDAD ENRICHMENT ACTION RETIREMENT 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 SOLEDAD ENRICHMENT ACTION RETIREMENT PLAN

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