MAINEGENERAL HEALTH RETIREMENT INCOME PLAN

Plan Contact

  • Address: 10 WATER STREET, SUITE 301,WATERVILLE,ME
  • Contact person: DORIS COHEN
  • Phone: (207) 861-3460

Plan General Information

MAINEGENERAL HEALTH RETIREMENT INCOME PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MAINEGENERAL HEALTH RETIREMENT INCOME PLAN is $79,431,948.00.This plan was established in 1999.

MAINEGENERAL HEALTH RETIREMENT INCOME PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MAINEGENERAL HEALTH RETIREMENT INCOME PLAN is 5411

MAINEGENERAL HEALTH RETIREMENT INCOME PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MAINEGENERAL HEALTH RETIREMENT INCOME PLAN is $14,679.00

MAINEGENERAL HEALTH RETIREMENT INCOME PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MAINEGENERAL HEALTH RETIREMENT INCOME PLAN is approximately $840.00
Investing in this additonal $840.00 for 20 years would give you extra $53,820.00, assuming a 10% annual return.

MAINEGENERAL HEALTH RETIREMENT INCOME PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MAINEGENERAL HEALTH RETIREMENT INCOME PLAN is 12.41%.

MAINEGENERAL HEALTH RETIREMENT INCOME PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MAINEGENERAL HEALTH RETIREMENT INCOME PLAN is 15.21%. This measures the effectiveness of the plan participants' investments in the year.

MAINEGENERAL HEALTH RETIREMENT INCOME PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MAINEGENERAL HEALTH RETIREMENT INCOME PLAN is 0.22%.

Enrollment Features

MAINEGENERAL HEALTH RETIREMENT INCOME 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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