MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN

Plan Contact

  • Address: 401 6TH AVENUE,MONTGOMERY,WV
  • Contact person: DAVID RICHARDS
  • Phone: (304) 442-7437

Plan General Information

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Total Retirement Plan Assets

At the end of 2019, the total retirement plan assets of MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is $7,107,148.00.This plan was established in 2002.

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Total Number of Retirement Plan Participants

At the end of 2019, the total number of retirement plan participants in MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is 633

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Average Participant Retirement Account Value

In 2019, the average participant retirement account value for MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is $11,227.00

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is $1,290.00.

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Estimated Average Employer Match

In 2019, the estimated average employer match for an employee in MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is approximately $7.00
Investing in this additonal $7.00 for 20 years would give you extra $469.00, assuming a 10% annual return.

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Total Employer Contribution and Match Rate

In 2019, MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN allocates $4,642.00 to match its employees' contributions, providing an employer match rate of 1.14% of their contributions

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Total Retirement Plan Asset Growth Rate

In 2019, the total retirement plan asset growth rate of MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is -0.70%.

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2019, the estimated aggregate retirement account investment gain/loss for MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is 18.55%. This measures the effectiveness of the plan participants' investments in the year.

MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN Expense Ratio

In 2019, the investment and administrative expense ratio of MGH HEALTHCARE SYSTEM, INC. 401(K) PS PLAN is 0.37%.

Enrollment Features

MGH HEALTHCARE SYSTEM, INC. 401(K) PS 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.

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