IRMC 403(B) PLAN

Plan Contact

  • Address: 1000 36TH STREET,VERO BEACH,FL
  • Contact person: TIMOTHY LONGVILLE
  • Phone: (772) 567-4311

Plan General Information

IRMC 403(B) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of IRMC 403(B) PLAN is $137,641,740.00.This plan was established in 2003.

IRMC 403(B) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in IRMC 403(B) PLAN is 3486

IRMC 403(B) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for IRMC 403(B) PLAN is $39,484.00

IRMC 403(B) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for IRMC 403(B) PLAN is $3,203.00.

IRMC 403(B) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in IRMC 403(B) PLAN is approximately $1,815.00
Investing in this additonal $1,815.00 for 20 years would give you extra $116,221.00, assuming a 10% annual return.

IRMC 403(B) PLAN Total Employer Contribution and Match Rate

In 2023, IRMC 403(B) PLAN allocates $6,330,436.00 to match its employees' contributions, providing an employer match rate of 55.70% of their contributions

IRMC 403(B) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of IRMC 403(B) PLAN is 23.27%.

IRMC 403(B) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for IRMC 403(B) PLAN is 15.11%. This measures the effectiveness of the plan participants' investments in the year.

IRMC 403(B) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of IRMC 403(B) PLAN is 0.09%.

Enrollment Features

IRMC 403(B) 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.
    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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