GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: 1120 NORTH MELVIN STREET,,GIBSON CITY,IL
- Contact person: TY ROYAL
- Phone: (217) 784-4251
Plan General Information
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is $51,226,315.00.This plan was established in 2005.
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is 929
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is $55,141.00
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is $6,950.00.
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is approximately $1,738.00
Investing in this additonal $1,738.00 for 20 years would give you extra $111,245.00, assuming a 10% annual return.
Investing in this additonal $1,738.00 for 20 years would give you extra $111,245.00, assuming a 10% annual return.
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN allocates $1,614,799.00 to match its employees' contributions, providing an employer match rate of 50.02% of their contributions
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is 21.72%.
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is 17.72%. This measures the effectiveness of the plan participants' investments in the year.
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN is 0.73%.
Enrollment Features
GIBSON AREA HOSPITAL & HEALTH SERVICES EMPLOYEES' 401(K) PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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