SOUTHERN MAINE HEALTH CARE PENSION PLAN

Plan Contact

  • Address: ONE MEDICAL CENTER DRIVE,BIDDEFORD,ME
  • Contact person: RICHARD OLSEN
  • Phone: (207) 283-7260

Plan General Information

SOUTHERN MAINE HEALTH CARE PENSION PLAN Total Retirement Plan Assets

At the end of 2016, the total retirement plan assets of SOUTHERN MAINE HEALTH CARE PENSION PLAN is $104,695,233.00.This plan was established in 1991.

SOUTHERN MAINE HEALTH CARE PENSION PLAN Total Number of Retirement Plan Participants

At the end of 2016, the total number of retirement plan participants in SOUTHERN MAINE HEALTH CARE PENSION PLAN is 2877

SOUTHERN MAINE HEALTH CARE PENSION PLAN Average Participant Retirement Account Value

In 2016, the average participant retirement account value for SOUTHERN MAINE HEALTH CARE PENSION PLAN is $36,390.00

SOUTHERN MAINE HEALTH CARE PENSION PLAN Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for SOUTHERN MAINE HEALTH CARE PENSION PLAN is $3,006.00.

SOUTHERN MAINE HEALTH CARE PENSION PLAN Estimated Average Employer Match

In 2016, the estimated average employer match for an employee in SOUTHERN MAINE HEALTH CARE PENSION PLAN is approximately $613.00
Investing in this additonal $613.00 for 20 years would give you extra $39,264.00, assuming a 10% annual return.

SOUTHERN MAINE HEALTH CARE PENSION PLAN Total Employer Contribution and Match Rate

In 2016, SOUTHERN MAINE HEALTH CARE PENSION PLAN allocates $1,765,042.00 to match its employees' contributions, providing an employer match rate of 40.81% of their contributions

SOUTHERN MAINE HEALTH CARE PENSION PLAN Total Retirement Plan Asset Growth Rate

In 2016, the total retirement plan asset growth rate of SOUTHERN MAINE HEALTH CARE PENSION PLAN is 6.07%.

SOUTHERN MAINE HEALTH CARE PENSION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2016, the estimated aggregate retirement account investment gain/loss for SOUTHERN MAINE HEALTH CARE PENSION PLAN is 6.59%. This measures the effectiveness of the plan participants' investments in the year.

SOUTHERN MAINE HEALTH CARE PENSION PLAN Expense Ratio

In 2016, the investment and administrative expense ratio of SOUTHERN MAINE HEALTH CARE PENSION PLAN is 0.01%.

Enrollment Features

SOUTHERN MAINE HEALTH CARE PENSION 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.
    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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