PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN
Plan Contact
- Address: 100 MADISON AVENUE,TOLEDO,OH
- Contact person: ANDREW GOTTMAN
- Phone: (567) 585-9600
Plan General Information
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is $1,229,788,362.00.This plan was established in 2001.
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is 21076
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is $58,350.00
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is $3,131.00.
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is approximately $1,377.00
Investing in this additonal $1,377.00 for 20 years would give you extra $88,191.00, assuming a 10% annual return.
Investing in this additonal $1,377.00 for 20 years would give you extra $88,191.00, assuming a 10% annual return.
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN allocates $29,042,684.00 to match its employees' contributions, providing an employer match rate of 45.01% of their contributions
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is 14.96%.
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is 15.69%. This measures the effectiveness of the plan participants' investments in the year.
PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PROMEDICA HEALTH SYSTEM, INC. 401(K) PLAN is 0.07%.
Enrollment Features
PROMEDICA HEALTH SYSTEM, 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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