What is MIMEDX GROUP, INC. 401(K) PLAN's employer match?

In 2024, MIMEDX GROUP, INC. 401(K) PLAN reported $2,475,912 in employer contributions. That is about 27.5% of reported employee contributions.

How many participants are in MIMEDX GROUP, INC. 401(K) PLAN?

At the end of 2024, MIMEDX GROUP, INC. 401(K) PLAN reported 1,212 plan participants.

What are MIMEDX GROUP, INC. 401(K) PLAN's total assets?

At the end of 2024, MIMEDX GROUP, INC. 401(K) PLAN reported total plan assets of $86,204,012.

When was MIMEDX GROUP, INC. 401(K) PLAN established?

MIMEDX GROUP, INC. 401(K) PLAN was established in 2010.

What are the investment options in MIMEDX GROUP, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for MIMEDX GROUP, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/mimedx-group-inc-401k-plan/

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MIMEDX GROUP, INC. 401(K) PLAN

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Contribution & Savings

MIMEDX GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for MIMEDX GROUP, INC. 401(K) PLAN is $71,125.00

MIMEDX GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for MIMEDX GROUP, INC. 401(K) PLAN is $8,242.00. 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.
527,527.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 8,242.00 in MIMEDX GROUP, 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 MIMEDX GROUP, INC. 401(K) PLAN

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