LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 41 MALL ROAD,BURLINGTON,MA
- Contact person: MATTHEW ANDERSON
- Phone: (781) 744-8750
Plan General Information
LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN is 10515
LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN is $6,163.00.
LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN is approximately $4,430.00
Investing in this additonal $4,430.00 for 20 years would give you extra $283,552.00, assuming a 10% annual return.
Investing in this additonal $4,430.00 for 20 years would give you extra $283,552.00, assuming a 10% annual return.
LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, LAHEY CLINIC 403(B) RETIREMENT SAVINGS PLAN allocates $46,586,753.00 to match its employees' contributions, providing an employer match rate of 75.99% of their contributions
Enrollment Features
LAHEY CLINIC 403(B) RETIREMENT SAVINGS 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.
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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