GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST
Plan Contact
- Address: 1601 GOLF COURSE ROAD,GRAND RAPIDS,MN
- Contact person: KATHERINE BURNS-CH
- Phone: (218) 999-1458
Plan General Information
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is $99,165,198.00.This plan was established in 1960.
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is 872
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is $113,721.00
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is $4,888.00.
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is approximately $3,113.00
Investing in this additonal $3,113.00 for 20 years would give you extra $199,239.00, assuming a 10% annual return.
Investing in this additonal $3,113.00 for 20 years would give you extra $199,239.00, assuming a 10% annual return.
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST allocates $2,714,635.00 to match its employees' contributions, providing an employer match rate of 65.95% of their contributions
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is 17.65%.
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is 18.55%. This measures the effectiveness of the plan participants' investments in the year.
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST is 0.06%.
Enrollment Features
GRAND ITASCA CLINIC & HOSPITAL 401(K) PLAN AND TRUST 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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