MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST
Plan Contact
- Address: 30000 NORTHWESTERN HWY,FARMINGTON HILLS,MI
- Contact person: JEFFREY MARGOLIS, M.D.
- Phone: (248) 851-3300
Plan General Information
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST is $68,996,640.00.This plan was established in 2012.
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST is 1858
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST is $37,134.00
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST is $3,139.00.
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST is 8.34%.
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST is 12.85%. This measures the effectiveness of the plan participants' investments in the year.
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST is 0.01%.
Enrollment Features
MICHIGAN HEALTHCARE PROFESSIONALS, P.C. 401(K) PLAN AND TRUST 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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