LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN
Plan Contact
- Address: 100 AIRPORT ROAD PO BOX 1678,KINSTON,NC
- Contact person: JEFFREY WAKEFIELD
- Phone: (252) 522-7386
Plan General Information
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is $56,509,246.00.This plan was established in 1986.
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is 1171
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is $48,257.00
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is $2,419.00.
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is approximately $1,398.00
Investing in this additonal $1,398.00 for 20 years would give you extra $89,510.00, assuming a 10% annual return.
Investing in this additonal $1,398.00 for 20 years would give you extra $89,510.00, assuming a 10% annual return.
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Total Employer Contribution and Match Rate
In 2022, LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN allocates $1,637,755.00 to match its employees' contributions, providing an employer match rate of 57.10% of their contributions
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is -19.61%.
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is -15.16%. This measures the effectiveness of the plan participants' investments in the year.
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION PLAN is 0.23%.
Enrollment Features
LENOIR MEMORIAL HOSPITAL, INC. SAVINGS & PROTECTION 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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