FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN
Plan Contact
- Address: 303 NW 11TH ST,FAIRFIELD,IL
- Contact person: DANA TAYLOR
- Phone: (618) 847-8260
Plan General Information
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is $11,300,192.00.This plan was established in 1990.
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is 464
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is $24,353.00
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is $1,929.00.
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is approximately $378.00
Investing in this additonal $378.00 for 20 years would give you extra $24,224.00, assuming a 10% annual return.
Investing in this additonal $378.00 for 20 years would give you extra $24,224.00, assuming a 10% annual return.
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN allocates $175,629.00 to match its employees' contributions, providing an employer match rate of 21.14% of their contributions
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is 15.13%.
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is 16.83%. This measures the effectiveness of the plan participants' investments in the year.
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT PLAN is 0.00%.
Enrollment Features
FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION EMPLOYEES RETIREMENT 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.
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