HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY

Plan Contact

  • Address: 10421 S JORDAN GTWY,,SOUTH JORDAN,UT
  • Contact person: STEVEN STOUT
  • Phone: (844) 234-4472

Plan General Information

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is $3,773,474.00.This plan was established in 2018.

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is 213

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Average Participant Retirement Account Value

In 2023, the average participant retirement account value for HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is $17,715.00

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is $6,202.00.

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is approximately $1,638.00
Investing in this additonal $1,638.00 for 20 years would give you extra $104,883.00, assuming a 10% annual return.

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Total Employer Contribution and Match Rate

In 2023, HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY allocates $349,064.00 to match its employees' contributions, providing an employer match rate of 52.84% of their contributions

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is 36.96%.

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is 17.71%. This measures the effectiveness of the plan participants' investments in the year.

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY Expense Ratio

In 2023, the investment and administrative expense ratio of HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY is 0.56%.

Enrollment Features

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY 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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