PALMS ASSOCIATES, LLC 401(K)/PROFIT SHARING PLAN
Employer Match
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’.
In 2022, PALMS ASSOCIATES, LLC 401(K)/PROFIT SHARING PLAN allocates $1,097,387 to match its employees’ contributions, providing an employer match rate of 171.43% of their contributions
In 2022, the estimated average employer match for an employee in PALMS ASSOCIATES, LLC 401(K)/PROFIT SHARING PLAN is approximately $5,301