How many participants are in SKIN SPECIALTY SOLUTIONS 401(K) PLAN?

At the end of 2024, SKIN SPECIALTY SOLUTIONS 401(K) PLAN reported 162 plan participants.

When was SKIN SPECIALTY SOLUTIONS 401(K) PLAN established?

SKIN SPECIALTY SOLUTIONS 401(K) PLAN was established in 2019.

What are the investment options in SKIN SPECIALTY SOLUTIONS 401(K) PLAN?

MyPlanIQ tracks the investment lineup for SKIN SPECIALTY SOLUTIONS 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/skin-specialty-solutions-401k-plan/

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SKIN SPECIALTY SOLUTIONS 401(K) PLAN

Contribution & Savings

SKIN SPECIALTY SOLUTIONS 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SKIN SPECIALTY SOLUTIONS 401(K) PLAN is $900.00. 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.
57,610.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 900.00 in SKIN SPECIALTY SOLUTIONS 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 SKIN SPECIALTY SOLUTIONS 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.

Employee contributions per reported participant: $806
Based on the 2024 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.