How many participants are in WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN?

At the end of 2011, WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN reported 248 plan participants.

What are the investment options in WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN?

MyPlanIQ tracks the investment lineup for WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/whitfield-school-defined-contribution-retirement-plan/

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Q: When was WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN established?

WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN was established in 1988.

WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Contribution & Savings

WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Average Participant Retirement Account Value

In 2011, the average participant retirement account value for WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is $33,420.00

WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2011, the estimated average employee contribution amount per participant for WHITFIELD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is $1,854.00. 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.
118,703.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,854.00 in WHITFIELD SCHOOL DEFINED CONTRIBUTION 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.

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Money headlines from this plan

These filing-based headlines surface the numbers most likely to affect a participant decision. Verify current plan documents before acting.

Average plan assets per reported participant: $33,420
Based on the 2011 public filing. This is a plan-wide average, not a personal retirement target. Calculate a personal retirement target.
Employee contributions per reported participant: $927
Based on the 2011 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.
Reported administrative expenses as a share of assets: 0.00%
Based on the 2011 public filing. This plan-level administrative ratio does not replace current fund expense ratios or participant fee disclosures. Estimate the long-term impact of fees.