SUMMIT PHYSICIAN SPECIALISTS RETIREMENT PLAN
Contribution & Savings
SUMMIT PHYSICIAN SPECIALISTS RETIREMENT PLAN Average Participant Retirement Account Value
In 2024, the average participant retirement account value for SUMMIT PHYSICIAN SPECIALISTS RETIREMENT PLAN is $661,546.00
SUMMIT PHYSICIAN SPECIALISTS RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2024, the estimated average employee contribution amount per participant for SUMMIT PHYSICIAN SPECIALISTS RETIREMENT PLAN is $7,170.00. 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.
458,910.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,170.00 in SUMMIT PHYSICIAN SPECIALISTS RETIREMENT PLAN, assuming a 10%* annual return.
458,910.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,170.00 in SUMMIT PHYSICIAN SPECIALISTS 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 SUMMIT PHYSICIAN SPECIALISTS RETIREMENT PLAN
Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.
Related Calculators
- 401(k) Employer Match Calculator
- Investment Fee Impact Calculator
- Mega Backdoor Roth 401(k) Calculator
Related Plans
- COLUMBIA ANESTHESIA GROUP PS PROFIT SHARING PLAN (125 participants, $67,089,338)
- BOSTON CHILDREN'S HEART FOUNDATION RETIREMENT PLAN (125 participants, $53,351,060)
- SALEM RADIOLOGY CONSULTANTS, P.C. RETIREMENT PLAN & TRUST AGREEMENT (125 participants, $46,568,450)
- NORTH CAROLINA NEPHROLOGY, P. A. 401(K) PROFIT SHARING PLAN (125 participants, $41,220,796)
- ENDWELL FAMILY PHYSICIANS, L.L.P. PROFIT SHARING 401(K) PLAN (125 participants, $29,737,903)