BETHANY MEDICAL CENTER 401(K) PLAN

Plan Contact

  • Address: 507 LINDSAY ST,HIGH POINT,NC
  • Contact person: MARLA M MILLS
  • Phone: (336) 883-0029

Plan General Information

BETHANY MEDICAL CENTER 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BETHANY MEDICAL CENTER 401(K) PLAN is $3,861,381.00.This plan was established in 2020.

BETHANY MEDICAL CENTER 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BETHANY MEDICAL CENTER 401(K) PLAN is 412

BETHANY MEDICAL CENTER 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BETHANY MEDICAL CENTER 401(K) PLAN is $9,372.00

BETHANY MEDICAL CENTER 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BETHANY MEDICAL CENTER 401(K) PLAN is $3,126.00.

BETHANY MEDICAL CENTER 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BETHANY MEDICAL CENTER 401(K) PLAN is approximately $376.00
Investing in this additonal $376.00 for 20 years would give you extra $24,084.00, assuming a 10% annual return.

BETHANY MEDICAL CENTER 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, BETHANY MEDICAL CENTER 401(K) PLAN allocates $155,042.00 to match its employees' contributions, providing an employer match rate of 14.41% of their contributions

BETHANY MEDICAL CENTER 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BETHANY MEDICAL CENTER 401(K) PLAN is 66.51%.

BETHANY MEDICAL CENTER 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BETHANY MEDICAL CENTER 401(K) PLAN is 17.71%. This measures the effectiveness of the plan participants' investments in the year.

BETHANY MEDICAL CENTER 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BETHANY MEDICAL CENTER 401(K) PLAN is 1.20%.

Enrollment Features

BETHANY MEDICAL CENTER 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.

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