MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN
Plan Contact
- Address: 710 MEDTRONIC PARKWAY,MINNEAPOLIS,MN
- Contact person: CHARLOTTE BRISBOIS
- Phone: (713) 276-2305
Plan General Information
MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN is $43,328,402.00.This plan was established in 2023.
MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN is 214
MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN is $202,469.00
MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN is $19,448.00.
MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN is approximately $7,232.00
Investing in this additonal $7,232.00 for 20 years would give you extra $462,850.00, assuming a 10% annual return.
Investing in this additonal $7,232.00 for 20 years would give you extra $462,850.00, assuming a 10% annual return.
MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN allocates $1,547,657.00 to match its employees' contributions, providing an employer match rate of 74.37% of their contributions
MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MOZARC MEDICAL SAVINGS AND INVESTMENT PLAN is 0.05%.
Enrollment Features
MOZARC MEDICAL SAVINGS AND INVESTMENT 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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