MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN
- Address: 700 SPRINT FOREST RD., SUITE 400,RALEIGH,NC
- Contact person: BEN REMKE
- Phone: (919) 878-7506
MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 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.
At the end of 2021, the total retirement plan assets of MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is $55,991,340.00.This plan was established in 2022.
At the end of 2021, the total number of retirement plan participants in MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is 220
In 2021, the average participant retirement account value for MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is $254,506.00
In 2021, the estimated average employee contribution amount per participant for MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is $8,231.00
In 2021, the estimated average employer match for an employee in MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is approximately $15,232.00
In 2021, MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN allocates $3,351,078.00 to match its employees' contributions, providing an employer match rate of 185.04% of their contributions
In 2021, the total retirement plan asset growth rate of MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is 9.42%
In 2021, the estimated aggregate retirement account investment gain/loss for MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is 10.82%. This measures the effectiveness of the plan participants' investments in the year.
In 2021, the investment and administrative expense ratio of MEDICAL MUTUAL INSURANCE COMPANY OF NORTH CAROLINA 401(K) PLAN is 0.12%.
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