What is SUBURBAN BUS TRANSPORTATION, INC.'s employer match?

In 2022, SUBURBAN BUS TRANSPORTATION, INC. reported $83,638 in employer contributions. That is about 36.9% of reported employee contributions.

How many participants are in SUBURBAN BUS TRANSPORTATION, INC.?

At the end of 2022, SUBURBAN BUS TRANSPORTATION, INC. reported 119 plan participants.

What are SUBURBAN BUS TRANSPORTATION, INC.'s total assets?

At the end of 2022, SUBURBAN BUS TRANSPORTATION, INC. reported total plan assets of $4,354,488.

When was SUBURBAN BUS TRANSPORTATION, INC. established?

SUBURBAN BUS TRANSPORTATION, INC. was established in 2007.

What are the investment options in SUBURBAN BUS TRANSPORTATION, INC.?

MyPlanIQ tracks the investment lineup for SUBURBAN BUS TRANSPORTATION, INC. on its investment options page: https://www.myplaniq.com/invest/planinvestments/suburban-bus-transportation-inc/

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SUBURBAN BUS TRANSPORTATION, INC.

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Contribution & Savings

SUBURBAN BUS TRANSPORTATION, INC. Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SUBURBAN BUS TRANSPORTATION, INC. is $36,592.00

SUBURBAN BUS TRANSPORTATION, INC. Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SUBURBAN BUS TRANSPORTATION, INC. is $1,913.00. 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.
122,450.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,913.00 in SUBURBAN BUS TRANSPORTATION, INC., 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 SUBURBAN BUS TRANSPORTATION, INC.

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