MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN
Plan Contact
- Address: 105 SECOND STREET,,HALLOWELL,ME
- Contact person: KELSEY BOVEY
- Phone: (207) 622-7566
Plan General Information
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is $10,526,399.00.This plan was established in 2009.
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is 225
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is $46,783.00
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is $4,009.00.
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is approximately $1,670.00
Investing in this additonal $1,670.00 for 20 years would give you extra $106,905.00, assuming a 10% annual return.
Investing in this additonal $1,670.00 for 20 years would give you extra $106,905.00, assuming a 10% annual return.
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Total Employer Contribution and Match Rate
In 2023, MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN allocates $375,838.00 to match its employees' contributions, providing an employer match rate of 49.86% of their contributions
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is 26.56%.
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is 17.55%. This measures the effectiveness of the plan participants' investments in the year.
MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MEDICAL CARE DEVELOPMENT, INC. 403(B) PLAN is 0.42%.
Enrollment Features
MEDICAL CARE DEVELOPMENT, INC. 403(B) 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.
Recent Articles
- March 2025 MyPlanIQ Portfolio Update
- Roth IRA for Kids? SEP IRA for Rental Income?
- 6 Ways to Cope in Your Retirement Savings & Spending Under the Current DOGE, Tariff Regime
- Outsaving Regular Workers: How Gig Workers & Entrepreneurs Can Save 3x More for Retirement—Up to $70K Tax-Deferred!
- The Hidden Benefit of Emergency Savings Accounts: It’s a ‘Regular’ Savings Account with Free Employer Match
- February 2025 MyPlanIQ Portfolio Update
- Maximizing Your Savings & Investments: The Power of 1% Over Time
- Key Retirement Ages: Essential Milestones for 401(k), IRA, Solo 401(k), SEP IRA, Social Security & Medicare
- Dividend Income Investments: Benefits and Pitfalls
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …