MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN
Plan Contact
- Address: 7 BLUE HILL RIVER ROAD,CANTON,MA
- Contact person: TIMOTHY J. JOHNSON
- Phone: (781) 821-3000
Plan General Information
MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN is $78,254,617.00.This plan was established in 2020.
MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN is 3635
MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN is $21,528.00
MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN is $4,752.00.
MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN is 47.05%.
MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN is 17.72%. This measures the effectiveness of the plan participants' investments in the year.
MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN is 0.26%.
Enrollment Features
MEDICAL INFORMATION TECHNOLOGY, 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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