What is ENGEL BURMAN SENIOR HOUSING 401(K) PLAN's employer match?

In 2024, ENGEL BURMAN SENIOR HOUSING 401(K) PLAN reported $1,215,437 in employer contributions. That is about 22.8% of reported employee contributions.

How many participants are in ENGEL BURMAN SENIOR HOUSING 401(K) PLAN?

At the end of 2024, ENGEL BURMAN SENIOR HOUSING 401(K) PLAN reported 2,846 plan participants.

What are ENGEL BURMAN SENIOR HOUSING 401(K) PLAN's total assets?

At the end of 2024, ENGEL BURMAN SENIOR HOUSING 401(K) PLAN reported total plan assets of $33,859,884.

When was ENGEL BURMAN SENIOR HOUSING 401(K) PLAN established?

ENGEL BURMAN SENIOR HOUSING 401(K) PLAN was established in 2003.

What are the investment options in ENGEL BURMAN SENIOR HOUSING 401(K) PLAN?

MyPlanIQ tracks the investment lineup for ENGEL BURMAN SENIOR HOUSING 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/engel-burman-senior-housing-401k-plan/

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ENGEL BURMAN SENIOR HOUSING 401(K) PLAN

Contribution & Savings

ENGEL BURMAN SENIOR HOUSING 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for ENGEL BURMAN SENIOR HOUSING 401(K) PLAN is $11,897.00

ENGEL BURMAN SENIOR HOUSING 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for ENGEL BURMAN SENIOR HOUSING 401(K) PLAN is $2,151.00. 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.
137,710.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 2,151.00 in ENGEL BURMAN SENIOR HOUSING 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 ENGEL BURMAN SENIOR HOUSING 401(K) PLAN

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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: $11,897
Based on the 2024 public filing. This is a plan-wide average, not a personal retirement target. Calculate a personal retirement target.
Employer contributions per reported participant: $427
Based on the 2024 public filing. This reported average can include match, profit sharing, or other employer contributions. Review the match and contribution details.
Employee contributions per reported participant: $1,874
Based on the 2024 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.
Reported administrative expenses as a share of assets: 0.45%
Based on the 2024 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.