TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION
Plan Contact
- Address: 194 EAST MAIN STREET,FORT KENT,ME
- Contact person: AARON TEACHOUT
- Phone: (207) 834-3155
Plan General Information
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is $35,707,334.00.This plan was established in 1979.
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is 751
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is $47,546.00
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is $3,732.00.
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is approximately $580.00
Investing in this additonal $580.00 for 20 years would give you extra $37,137.00, assuming a 10% annual return.
Investing in this additonal $580.00 for 20 years would give you extra $37,137.00, assuming a 10% annual return.
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Total Employer Contribution and Match Rate
In 2023, TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION allocates $435,781.00 to match its employees' contributions, providing an employer match rate of 31.09% of their contributions
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is 1.48%.
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is 12.00%. This measures the effectiveness of the plan participants' investments in the year.
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION Expense Ratio
In 2023, the investment and administrative expense ratio of TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION is 0.11%.
Enrollment Features
TAX SHELTERED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN MAINE MEDICAL CENTER TO INCLUDE FOREST HILL AND VALLEY MEDICAL ASSOCIATION has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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