MEDICAL DATA SYSTEMS, INC. 401(K) PLAN

Plan Contact

  • Address: 2001 9TH AVENUE,,VERO BEACH,FL
  • Contact person: CLIFFORD LAHMAN
  • Phone: (772) 770-2255

Plan General Information

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is $6,103,717.00.This plan was established in 2001.

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is 420

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is $14,532.00

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is $904.00.

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is approximately $406.00
Investing in this additonal $406.00 for 20 years would give you extra $26,023.00, assuming a 10% annual return.

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, MEDICAL DATA SYSTEMS, INC. 401(K) PLAN allocates $170,782.00 to match its employees' contributions, providing an employer match rate of 29.51% of their contributions

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is 23.50%.

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is 18.19%. This measures the effectiveness of the plan participants' investments in the year.

MEDICAL DATA SYSTEMS, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MEDICAL DATA SYSTEMS, INC. 401(K) PLAN is 0.67%.

Enrollment Features

MEDICAL DATA SYSTEMS, INC. 401(K) 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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