INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN

Plan Contact

  • Address: 1 INGALLS DRIVE,,HARVEY,IL
  • Phone: (708) 915-6435

Plan General Information

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is $148,249,439.00.This plan was established in 1991.

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is 2842

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is $52,163.00

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is $3,108.00.

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is approximately $1,584.00
Investing in this additonal $1,584.00 for 20 years would give you extra $101,405.00, assuming a 10% annual return.

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN allocates $4,503,043.00 to match its employees' contributions, providing an employer match rate of 50.92% of their contributions

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is 11.67%.

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is 15.46%. This measures the effectiveness of the plan participants' investments in the year.

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN is 0.11%.

Enrollment Features

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT 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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