BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN

Plan Contact

  • Address: 8000 NORMAN CENTER DRIVE,,MINNEAPOLIS,MN
  • Contact person: TRACY BROUGH
  • Phone: (855) 827-4448

Plan General Information

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is $65,864,202.00.This plan was established in 2016.

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is 1867

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is $35,278.00

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is $7,870.00.

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is approximately $2,631.00
Investing in this additonal $2,631.00 for 20 years would give you extra $168,411.00, assuming a 10% annual return.

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN allocates $4,912,873.00 to match its employees' contributions, providing an employer match rate of 48.28% of their contributions

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is 43.84%.

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is 53.79%. This measures the effectiveness of the plan participants' investments in the year.

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN is 0.32%.

Enrollment Features

BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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