What is SPECTRUM HUMAN SERVICES RETIREMENT PLAN's employer match?

In 2019, SPECTRUM HUMAN SERVICES RETIREMENT PLAN reported $547,653 in employer contributions. That is about 68.8% of reported employee contributions.

How many participants are in SPECTRUM HUMAN SERVICES RETIREMENT PLAN?

At the end of 2019, SPECTRUM HUMAN SERVICES RETIREMENT PLAN reported 404 plan participants.

What are SPECTRUM HUMAN SERVICES RETIREMENT PLAN's total assets?

At the end of 2019, SPECTRUM HUMAN SERVICES RETIREMENT PLAN reported total plan assets of $9,708,834.

When was SPECTRUM HUMAN SERVICES RETIREMENT PLAN established?

SPECTRUM HUMAN SERVICES RETIREMENT PLAN was established in 2006.

What are the investment options in SPECTRUM HUMAN SERVICES RETIREMENT PLAN?

MyPlanIQ tracks the investment lineup for SPECTRUM HUMAN SERVICES RETIREMENT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/spectrum-human-services-retirement-plan/

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SPECTRUM HUMAN SERVICES RETIREMENT PLAN

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Contribution & Savings

SPECTRUM HUMAN SERVICES RETIREMENT PLAN Average Participant Retirement Account Value

In 2019, the average participant retirement account value for SPECTRUM HUMAN SERVICES RETIREMENT PLAN is $24,031.00

SPECTRUM HUMAN SERVICES RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for SPECTRUM HUMAN SERVICES RETIREMENT PLAN is $3,940.00. 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.
252,202.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,940.00 in SPECTRUM HUMAN SERVICES 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 SPECTRUM HUMAN SERVICES RETIREMENT PLAN

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