OPTUM360 401(K) SAVINGS PLAN
Contribution & Savings
OPTUM360 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
222,259.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,472.00 in OPTUM360 401(K) SAVINGS 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.
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- Employer contributions per reported participant: $1,582
Based on the 2021 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: $3,473
Based on the 2021 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.
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