What is WESTMED AMBULANCE, INC. 401(K) PLAN's employer match?

In 2016, WESTMED AMBULANCE, INC. 401(K) PLAN reported $220,653 in employer contributions. That is about 66.9% of reported employee contributions.

How many participants are in WESTMED AMBULANCE, INC. 401(K) PLAN?

At the end of 2016, WESTMED AMBULANCE, INC. 401(K) PLAN reported 509 plan participants.

What are WESTMED AMBULANCE, INC. 401(K) PLAN's total assets?

At the end of 2016, WESTMED AMBULANCE, INC. 401(K) PLAN reported total plan assets of $4,692,328.

When was WESTMED AMBULANCE, INC. 401(K) PLAN established?

WESTMED AMBULANCE, INC. 401(K) PLAN was established in 2006.

What are the investment options in WESTMED AMBULANCE, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for WESTMED AMBULANCE, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/westmed-ambulance-inc-401k-plan/

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WESTMED AMBULANCE, INC. 401(K) PLAN

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Contribution & Savings

WESTMED AMBULANCE, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2016, the average participant retirement account value for WESTMED AMBULANCE, INC. 401(K) PLAN is $9,218.00

WESTMED AMBULANCE, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for WESTMED AMBULANCE, INC. 401(K) PLAN is $1,295.00. 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.
82,935.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,295.00 in WESTMED AMBULANCE, 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.

Keep researching WESTMED AMBULANCE, INC. 401(K) PLAN

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