NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN
Plan Contact
- Address: 5 LATOUR AVENUE #1600,PLATTSBURGH,NY
- Contact person: KATHIE CAMERON MURRAY
- Phone: (518) 561-7330
Plan General Information
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Total Retirement Plan Assets
At the end of 2017, the total retirement plan assets of NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is $19,990,311.00.This plan was established in 1984.
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2017, the total number of retirement plan participants in NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is 195
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Average Participant Retirement Account Value
In 2017, the average participant retirement account value for NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is $102,514.00
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2017, the estimated average employee contribution amount per participant for NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is $9,121.00.
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Estimated Average Employer Match
In 2017, the estimated average employer match for an employee in NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is approximately $1,881.00
Investing in this additonal $1,881.00 for 20 years would give you extra $120,390.00, assuming a 10% annual return.
Investing in this additonal $1,881.00 for 20 years would give you extra $120,390.00, assuming a 10% annual return.
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Total Employer Contribution and Match Rate
In 2017, NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN allocates $366,814.00 to match its employees' contributions, providing an employer match rate of 41.24% of their contributions
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2017, the total retirement plan asset growth rate of NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is 24.04%.
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2017, the estimated aggregate retirement account investment gain/loss for NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is 13.87%. This measures the effectiveness of the plan participants' investments in the year.
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN Expense Ratio
In 2017, the investment and administrative expense ratio of NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS PLAN is 0.19%.
Enrollment Features
NORTECH & MONAGHAN MEDICAL EMPLOYEE'S RETIREMENT & SAVINGS 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.
Recent Articles
- The Hidden Benefit of Emergency Savings Accounts: It’s a ‘Regular’ Savings Account with Free Employer Match
- February 2025 MyPlanIQ Portfolio Update
- Maximizing Your Savings & Investments: The Power of 1% Over Time
- Key Retirement Ages: Essential Milestones for 401(k), IRA, Solo 401(k), SEP IRA, Social Security & Medicare
- Dividend Income Investments: Benefits and Pitfalls
- Rule of Thumb: The 50/30/20 Budget Rule
- Option-Based Income Funds: Pros and Cons
- 9 Lessons From Retirees’ Biggest Retirement Regrets
- Top 15 ETFs for Self-Directed Brokerage Accounts or Brokerage Window in 401(k) Plans
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …