RHD INVESTORS CHOICE 403(B) PLAN Contribution & Employer Match
RHD INVESTORS CHOICE 403(B) PLAN Contribution & Employer Match
RESOURCES FOR HUMAN DEVELOPMENT, INC. provides the following retirement savings benefits to its employees:
RHD INVESTORS CHOICE 403(B) PLAN Average Participant Retirement Account Value
RHD INVESTORS CHOICE 403(B) PLAN Estimated Average Employee Contribution Amount
36,638.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 572.00 in RHD INVESTORS CHOICE 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.
Employer match in RHD INVESTORS CHOICE 403(B) PLAN
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
RHD INVESTORS CHOICE 403(B) PLAN Total Employer Contribution and Match Rate
RHD INVESTORS CHOICE 403(B) PLAN Estimated Average Employer Match
Investing in this additonal $86.00 for 20 years would give you extra $5,534.00, assuming a 10% annual return.
RHD INVESTORS CHOICE 403(B) PLAN Contribution & Match Policy
1. Employee Contribution Rates: Each year, participants may elect to contribute to the Plan up to the amount of their compensation, as defined in the Plan and subject to the Internal Revenue Code (IRC).
2. Employer Match/Contribution Conditions: The Plan allows for discretionary employer contributions. The Company made an employer contribution to the Plan on behalf of employees totaling $2,233,384 in 2022.
3. Vesting Schedule/Eligibility: Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Company's contribution portion of their accounts is based on years of service; a participant is 100% vested after three years of credited service. Participants become fully vested in employer contributions upon retirement at age 65 or age 65 while employed.
4. The text does not state if the plan allows Roth 401(k) contributions.
Recent Articles
- The One-Fund 401(k) Portfolio: Simple Yet Does Its Job
- Roth IRAs for Retirees
- Lazy Portfolios Aren't Lazy in Growing Wealth
- Lazy Portfolios in Different Market Conditions
- Tax-Efficient Lazy Portfolios
- Lazy Portfolios for Retirement Investing
- How to Implement a Lazy Portfolio
- What Are Lazy Portfolios?
- IRAs as One of the Emergency Fund Sources
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more ...
Portfolio Calculator (Simulator)
Customize Asset Allocation Portfolios
Retirement Calculator
Investment Calculator
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...