MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN
Plan Contact
- Address: MAIL ROUTE CP175,,MINNETONKA,MN
- Contact person: LYNN ALTMANN
- Phone: (952) 992-3888
Plan General Information
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is $316,737,382.00.This plan was established in 2002.
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is 2175
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is $145,626.00
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is $12,412.00.
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is approximately $5,167.00
Investing in this additonal $5,167.00 for 20 years would give you extra $330,705.00, assuming a 10% annual return.
Investing in this additonal $5,167.00 for 20 years would give you extra $330,705.00, assuming a 10% annual return.
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Total Employer Contribution and Match Rate
In 2020, MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN allocates $11,238,807.00 to match its employees' contributions, providing an employer match rate of 83.26% of their contributions
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is 22.15%.
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is 17.46%. This measures the effectiveness of the plan participants' investments in the year.
MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of MEDICA HEALTH PLANS 401(K) MATCHED SAVINGS PLAN is 0.06%.
Enrollment Features
MEDICA HEALTH PLANS 401(K) MATCHED 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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