SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 1000-A CODY ROAD SOUTH,MOBILE,AL
- Contact person: REBECCA A CRAWFORD
- Phone: (251) 460-5280
Plan General Information
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is $67,601,226.00.This plan was established in 1986.
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is 1684
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is $40,143.00
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is $2,537.00.
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is approximately $658.00
Investing in this additonal $658.00 for 20 years would give you extra $42,160.00, assuming a 10% annual return.
Investing in this additonal $658.00 for 20 years would give you extra $42,160.00, assuming a 10% annual return.
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN allocates $1,109,349.00 to match its employees' contributions, providing an employer match rate of 29.75% of their contributions
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is 6.54%.
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is 16.77%. This measures the effectiveness of the plan participants' investments in the year.
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' RETIREMENT SAVINGS PLAN is 0.27%.
Enrollment Features
SOUTHERN MEDICAL HEALTH SYSTEMS, INC. EMPLOYEES' 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.
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