What is THE CTC ACADEMY, INC. 403(B) PLAN's employer match?

In 2023, THE CTC ACADEMY, INC. 403(B) PLAN reported $140,700 in employer contributions. That is about 18.0% of reported employee contributions.

How many participants are in THE CTC ACADEMY, INC. 403(B) PLAN?

At the end of 2023, THE CTC ACADEMY, INC. 403(B) PLAN reported 331 plan participants.

What are THE CTC ACADEMY, INC. 403(B) PLAN's total assets?

At the end of 2023, THE CTC ACADEMY, INC. 403(B) PLAN reported total plan assets of $9,768,218.

When was THE CTC ACADEMY, INC. 403(B) PLAN established?

THE CTC ACADEMY, INC. 403(B) PLAN was established in 2003.

What are the investment options in THE CTC ACADEMY, INC. 403(B) PLAN?

MyPlanIQ tracks the investment lineup for THE CTC ACADEMY, INC. 403(B) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/the-ctc-academy-inc-403b-plan/

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THE CTC ACADEMY, INC. 403(B) PLAN

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Contribution & Savings

THE CTC ACADEMY, INC. 403(B) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THE CTC ACADEMY, INC. 403(B) PLAN is $29,511.00

THE CTC ACADEMY, INC. 403(B) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for THE CTC ACADEMY, INC. 403(B) PLAN is $2,585.00. 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.
165,473.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,585.00 in THE CTC ACADEMY, INC. 403(B) 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 THE CTC ACADEMY, INC. 403(B) PLAN

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