What is EMPLOYEE BENEFIT PLAN OF PROGRESS, INC.'s employer match?

In 2023, EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. reported $75,221 in employer contributions. That is about 45.8% of reported employee contributions.

How many participants are in EMPLOYEE BENEFIT PLAN OF PROGRESS, INC.?

At the end of 2023, EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. reported 141 plan participants.

What are EMPLOYEE BENEFIT PLAN OF PROGRESS, INC.'s total assets?

At the end of 2023, EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. reported total plan assets of $1,862,258.

When was EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. established?

EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. was established in 2012.

What are the investment options in EMPLOYEE BENEFIT PLAN OF PROGRESS, INC.?

MyPlanIQ tracks the investment lineup for EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. on its investment options page: https://www.myplaniq.com/invest/planinvestments/employee-benefit-plan-of-progress-inc/

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EMPLOYEE BENEFIT PLAN OF PROGRESS, INC.

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Contribution & Savings

EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. Average Participant Retirement Account Value

In 2023, the average participant retirement account value for EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. is $13,207.00

EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for EMPLOYEE BENEFIT PLAN OF PROGRESS, INC. is $1,191.00. 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.
76,233.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,191.00 in EMPLOYEE BENEFIT PLAN OF PROGRESS, 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 EMPLOYEE BENEFIT PLAN OF PROGRESS, INC.

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